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The Insurance Companies That Are Most Likely To Refuse To Pay Doctors
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Financial Disparities and Abdominal Girth
ByadminI recognize that correlation does not prove causation. But here is a picture illustrating the correlation between income inequality and the percent of a country’s population that is obese. The findings are provocative, to say the least. Making the relationship somewhat plausible is all the evidence we have now of the toll that income inequality…
Q & A With Richard Thaler On What It Really Means To Be A "Nudge"
ByadminNudge is one of the most important and influential books on behavioral science and public policy I’ve ever read. Co-authored by economist Richard Thaler and lawyer Cass Sunstein, the book lays out the rationale for adopting policies designed to make it more likely that people will act in their own best interests rather than, say,…
Figuring Out How Many Calories Are in Your Burrito
ByadminAs 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…
Behavioral Economics and the Relativity Theory of Happiness
ByadminAccording to many traditional economic theories of human nature, higher income should make people happier. That’s because with every additional dollar we make, we can purchase goods that increase our “utility.” Or we can save more money, and reduce anxiety about our financial future. But of course, once people have enough money to meet the…
A Clever Nudge to Reduce Waste of Natural Resources
ByadminI teach a course on behavioral economics and public policy at Duke University. One of my former students recently emailed me a picture of a bill he received in the mail. It looks like conEdison is trying to remind him to pay his bills electronically, so they don’t have to send him a bill in…