Economics Behaving Badly
George Loewenstein and I have an Op-Ed in the New York Times today. Check it out, and feel free to add your comments.
George Loewenstein and I have an Op-Ed in the New York Times today. Check it out, and feel free to add your comments.
Here is video from a talk I recently gave at the University of Wisconsin, laying out a few of the reasons I think the government needs to play a role in combating the obesity epidemic. If you dig further into the conference website, you will see a video from my opponent in the debate, Jacob…
See this Fayetteville Observer story about a disturbing new type of doctor’s office, called an express care center. And in the process of reading the article, you’ll see my take on the relevance of gas stations for understanding our insane health care system. (Click here to view comments)
Behavioral 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…
Cholesterol pills are one of the great medical advances I’ve witnessed during my professional career. I am talking specifically about a category of medications called statins, drugs like Lipitor and Pravachol. These drugs have prevented probably hundreds of thousands of heart attacks and strokes. Only one problem with these drugs, however: statins won’t help people…
Here is an excellent picture from the New England Journal of Medicine, illustrating which states have chosen to run their own exchanges, which are relying on the federal government, and which are following some kind of hybrid approach. Unsurprisingly, the distribution of states pretty closely mirrors the outcome of the most recent presidential election. (Click…
In a few months, we will find out whether the Supreme Court has decided that a critical part of the Affordable Care Act is unconstitutional. If that happens, lots of people will be in lots of trouble, financially speaking. Here is a wonderful article in a North Carolina newspaper laying out some of the issues…