Is Health Insurance Too Cheap?

Byadmin April 30, 2012

Researchers at USC recently published a study designed to find out how much people are willing to pay for better drug coverage from their health insurance plan…(Read the rest and view comments at Scientocracy)

Behavioral Economics and Public Policy

Brain Control and Consumer Behavior
Byadmin January 3, 2013

I teach a course on consumer irrationality and market failure at the Fuqua School of Business. I open up one of my lectures with a brief video demonstration of what psychologists call “the McGurk effect.” (See an example here.) In the video, a man makes the sound “ba ba ba.” About half of my students invariably identify…

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Behavioral Economics and Public Policy

Is It Irrational For Carmelo Anthony To Take So Many Three Pointers?
Byadmin August 28, 2014

A jab to the right, then Carmelo steps back behind the three-point line and launches a shot. It clanks off the back of the rim. How likely is he to be the next person on his team to attempt a shot? And what are the odds that his follow-up shot will come from behind the…

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Behavioral Economics and Public Policy

Designing a Better Restaurant Menu
Byadmin September 18, 2014

My friend and colleague Brian Wansink, from Cornell University, worked with some colleagues to design a preliminary restaurant menu, that maximizes the odds the people will order healthy foods. Trick number one: don’t call them “healthy” foods. Here is an image of that menu, reproduced in the Atlantic. This is a great example of how…

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Behavioral Economics and Public Policy

More on Relativity and Happiness
Byadmin September 26, 2014

Recently, I wrote about relative wealth and happiness. A new NBER paper, by Stevenson and Wolfers, seems to belie this view. It shows a sharp increase in happiness with increasing income: But these data are consistent with the idea that relative wealth plays an important role in happiness. Americans are much wealthier now than they…

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Behavioral Economics and Public Policy

Figuring Out How Many Calories Are in Your Burrito
Byadmin April 28, 2014

As if the Affordable Care Act wasn’t controversial enough, a lesser-known provision of the law has critics warning of regulatory zeal. Section 4205 of the ACA (in case you haven’t read that far) requires restaurants to post calorie counts for the meals they sell, a requirement critics claim will be costly to comply with, while being…

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Behavioral Economics and Public Policy

Your (500) Physician(s) Will See You Now
Byadmin August 9, 2019January 15, 2020

The day of solo practitioners is coming to an end . In its place will be gaggles of gastroenterologists and flocks of physicians. Mega practices are becoming the norm in American medical care. Here’s a few pictures of this trend, somewhat dated (they only go through 2015) but still quite revealing. (To read the rest of the…

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Is Health Insurance Too Cheap?

Brain Control and Consumer Behavior

Is It Irrational For Carmelo Anthony To Take So Many Three Pointers?

Designing a Better Restaurant Menu

More on Relativity and Happiness

Figuring Out How Many Calories Are in Your Burrito

Your (500) Physician(s) Will See You Now

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