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.
Warning – the warning labels pictured below are graphic but, according to a recent study, they increase the chances that people will quit smoking. Now we need to find a way to get legal permission to use such pictures, so we can shock people out of their habits.
Medicare could save more than $4 billion by negotiating prices on just four drugs. Want to guess what those drugs are? Or what diseases they treat? Are they drugs for common diseases, with lots of people yielding lots of savings? Or for rare cancers, where the drugs are so expensive there is still lots of…
In 1991, I remember where I was walking when I learned that Magic Johnson was HIV positive. I shuffled along in a daze, distraught at the thought of such a young and magnificent man facing imminent death. Back then, you see, an HIV diagnosis was practically a death sentence. Of course, Magic Johnson is still alive….
My patient had been feeling unusually irritable lately. Nothing had changed in his home or work life to bring on such a shift in mood. He wasn’t taking any medicines that could cause such symptoms either, being a strappingly healthy young guy. A weightlifter in fact. “Are you taking any kind of steroids?,” I asked…
Regular followers of my blog probably realize by now that I am a big fan of Sarah Kliff , at the Washington Post, who does a great job of reporting on the many ups and downs of Obamacare. Here is a video Sarah just put together, explaining the health insurance exchanges which go “live” today,…
I 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…