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According to Pascal, if we wagered that God exists but it turned out God did not exist, then the worst that could happen is that we would have given up a few sinful pleasures that we might otherwise have enjoyed.
Pigovian Taxes
Taxes imposed on activities that generate negative externalities, aiming to correct market inefficiencies and reduce unwanted behaviors.
Regulatory Policies
Rules or guidelines issued by governmental agencies to control or direct economic or social activities.
Negative Externalities
Economic activities that impose a cost on third parties who are not directly involved in the activity, such as pollution.
Noise-Control Regulations
Laws or policies implemented to limit the amount of noise pollution in an environment, aiming to protect public health and well-being.
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