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Obamacare Hasn't Scared Away Insurers
ByadminInteresting picture on the Vox website from Sarah Kliff, showing an increase in the number of health insurance companies planning to compete on the exchanges next year: So much for the rumors that Obamacare will quickly kill the health insurance industry. (Click here to view comments)
Sunk Costs and Public Parks
ByadminBehavioral economists have written a lot about sunk costs. The idea is pretty simple: once people have invested in an effort – in time or money – they stick with that effort longer than is otherwise justified. They don’t want to feel like they’ve wasted their investment, so they continue to invest even when pulling…
How to Stop Over-Eating — Lessons from Brain Science
ByadminPut our brains into the modern food environment, and you have a recipe for disaster. Our brains are hardwired to crave calorie-dense foods, this craving no doubt arising from our evolutionary time spent on the Tundra where calories were often scarce. But our modern food environment surrounds us with calorie-dense foods, forcing us to deplete…
More on the Social Psychology of Public Parks
ByadminI recently posted on how public park builder, Robert Moses, used the psychology of sunk costs to get more money for his ambitious projects. Once those projects were complete, he also used social psychology to keep them clean. It had to do with the directions he gave to the people hired to clean up the…
Mass Shootings: Tragic for Victims, Great for Gun Manufacturers
ByadminIn the aftermath of the Parkland High School shooting, we are having lots of debates about the role of the NRA in shaping gun legislation. Politicians who take money from the NRA are said to be in the organization’s pockets. But don’t forget where the NRA gets its money: gun manufacturers. And while no manufacturer…
Is The Golden Era of Pharmaceutical Profits Over?
ByadminFor decades, the pharmaceutical industry has been highly profitable. The recipe for such profits has been pretty simple for most of the last half-century–discover a chemical or molecule that treats a common problem, like hypertension or diabetes or erectile dysfunction, and make billions of dollars while that product is still under patent protection. But of…

