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Doctor, First Tell Me What It Costs
Byadmin“Doctor, First Tell Me What It Costs” – The New York Times
Can Circular Reasoning Make You Rich?
ByadminWe Americans are notoriously bad at saving money. While people in Germany, Sweden and even France save about 10% of the money they make, folks in the U.S. save closer to 3 or 4% of their earnings. With so little money saved, Americans face difficulty absorbing economic shocks like recessions and layoffs, and also find…
The Most Expensive Medical Condition Is Not What You Think
Byadmin2In a minute, I’m going to ask you what the most expensive medical condition is in the American healthcare system. Before you guess, however, I’m going to explain what I mean by “most expensive.” I’m not talking about cost per patient. Some people with cancer receive hundreds of thousands of dollars of chemotherapy per year,…
Party First, Ideology Later
ByadminWe think of political parties as being ideological homes. If you embrace conservative ideas, you gravitate to the Republican party, and so on. But probably just as often, people have party homes (“My dad was a Dem, and so am I”), in which whatever the party embraces magically fits their ideology. Consider the following picture…
Is Homo Economicus a Psychopath?
ByadminIn what academics call neoclassical economics, human beings are largely rational, self-interested decision-makers. This stereotypical human, often referred to as Homo economicus, is a creature of coldly calculated selfishness, dispassionately maximizing its best interests even if that comes at the expense of others. A study in Japan shows that Homo economicus makes up only a…