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.
Take a look at the image below and decide what you are seeing: Some of you might have seen a “B.” Others might have seen the number 13. The image, after all, is ambiguous. For that reason, in fact, it was used by researchers to study how our hopes influence our perceptions. The study design…
States face a tough choice right now, of whether to expand their Medicaid roles with 90% of the costs being borne by the government. (Medicaid is a combined Federal/State program to pay for healthcare of low income individuals and families.) Why is taking money from the Feds a tough decision? For starters, it means supporting,…
Last summer, New York City made a great stride toward promoting public health, by requiring chain restaurants to prominently publish calorie counts alongside their menus. This type of regulation holds the promise of improving people’s eating habits, without restricting their freedom to order whatever they want. Theoretically, this new regulation should help consumers make better…
I have been writing quite a bit about healthcare price transparency lately. And so have a lot of other people. Many of us have been pointing to insane variation in how much hospitals charge for their services. Walk across the street, and you might see the price of a routine healthcare service rise two or threefold. But…
The field of behavioral economics has brought attention to promising ways of motivating people to make better life choices. Many behavioral economic-inspired interventions are relatively hands off — they nudge people to make wiser decisions without in any way restricting their choices. The idea of nudges was made justifiably popular by Cass Sunstein and Dick Thaler…
I recently reread a very informative New Yorker article by Ryan Lizza, called the Obama memos. I have assigned the article to my undergraduate health policy class, to help them understand the political climate surrounding the passage of The Affordable Care Act. And that climate was one of severe polarization, which cut against Obama’s naïve…