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Think Fast and You'll Lose Money Quickly (A Behavioral Economics Explanation of Irrational Gambling)
ByadminShutterstock I have just given you $78. (I’m a generous guy.) Now I’m giving you a choice: you can enter a lottery where you have a 75% chance of losing that $78 and a 25% of keeping it, or you can hold on to $20 and avoid the lottery all together. Quick—tell me what you…
Even College Students Care about Healthcare Price Transparency!
ByadminHere is an article from the University of Indiana student newspaper, showing that even young adults in United States realize we have a price transparency problem in the U.S. healthcare system. Very exciting to see how many people care about this topic! Infections aren’t the only thing to have gone viral around hospitals lately. The…
Why I Feel Like a Teddy Roosevelt Republican
ByadminI do not pretend to have consistent, easily categorized political views. That’s why I call myself a “flaming moderate.” But one attitude I hold pretty consistently is suspicion of concentrated power—in government, in industry, and especially in government and industry! That’s why I felt a kindred spirit in Teddy Roosevelt, as quoted in Morris’s amazing…
Another Middle Age Facebook User
ByadminMy kids are interested in learning how to use Facebook. So I figured it was time for me to learn something about this tool, meaning that at the ripe young age of 47, I’ve joined the ranks of the Facebook users. Now I need help from all of you to teach me how to learn…
My Dad Makes the News. Kind of…
ByadminWhen I graduated from college, I was chosen as one of the commencement speakers. In my speech, I pretended to be reading a letter I wrote to my father. My dad came to the graduation, completely unaware of my speech. When he heard me start reading the letter, he put his head in his hands…
Partisan Drift Over the Environment: Are Republicans Wandering Away from their Voters?
ByadminThere’s a fascinating new analysis available, looking at parallels between the politics of health care and the environment. It is led by Theda Skocpol, a social scientist at Harvard (whose writing about health policy and the Tea Party are wonderful). I am reproducing one figure from that report. It shows, in lines, where Congress has…