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Think Fast and You'll Lose Money Quickly (A Behavioral Economics Explanation of Irrational Gambling)
ByadminShutterstock I have just given you $78. (I’m a generous guy.) Now I’m giving you a choice: you can enter a lottery where you have a 75% chance of losing that $78 and a 25% of keeping it, or you can hold on to $20 and avoid the lottery all together. Quick—tell me what you…
Healthcare Unaffordable? Perhaps Your Doctor Is Partly to Blame
ByadminHere is a news article from Canada, experiencing the kind of healthcare inflation that causes them to call experts in the U.S. for advice—people like me, but also some actual credible authorities! Some see it as an eternal struggle: the goodhearted doctor championing the best treatments, no matter the cost, while doing battle against the…
How To Trick People Into Caring About Healthcare
ByadminIn health policy circles (yes, those exist!), experts often refer to three aims for a modern healthcare system – to offer (1) universal access to (2) high quality medical care at (3) an affordable cost. Access, quality, and cost: a possibly unachievable set of goals, certainly in the U.S., where the quality of our care…
Physician (and Pharma, and Insurance Executive) Pay: Doing Too Well by Doing Good
ByadminShutterstock American physicians deserve to be paid well for their work. As a physician, myself, I know what it takes to become a doctor in the U.S. Four years of late nights in the college library in hopes of achieving a GPA commensurate with medical school admission; then four years of medical school, which makes…
Price Transparency Thoughts from a Thought Leader (And Former Student)
ByadminHere is a great piece on my former student, Jessica Harris, who now works in health care price transparency at Aetna. She visited my class this summer, and here are some of the things she taught them: The evolution of transparency in the industry: “2013 and 2014 have been really important years for transparency and…
What Grilled Cheese Jesus Has to Do with Randomized Trials of Healthcare Interventions
ByadminI was recently interviewed on NPR’s marketplace by Dan Gorenstein. He did a really nice story on the kind of bravery it takes for health care opinion leaders to put their ideas to the test of a randomized trial, when the world is already ready to pay them huge amounts of money to promote their…

