Squid Game: Debt, decisions, and the paradox of thrift
It didn't take long for the Korean Netflix show, Squid Game, to become the most-watched show on the streaming platform. After all, debt is a universal language.
If you don't know, Squid Game tells the story of cash-strapped people who volunteer to risk their lives playing deadly versions of children's games for a cash prize.
Although some people watching at home may balk at the idea of anyone subjecting themselves to that level of humiliation and danger, could crippling debt realistically drive someone to that extreme?
Today on the show, Harvard professor John Beshears explains how debt can affect our decision making.
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