Buying Insurance

We Don’t Buy Insurance for Ourselves

Why do we buy insurance of any kind? Is it really for ourselves and our own benefit, or is there something else going on with insurance decisions? According to¬†Venture Capitalist Chris Brookfield, as quoted in Dave Chase's book The Opioid Crisis Wake-Up Call, there is something beyond our own self interest at play when we … Continue reading We Don’t Buy Insurance for Ourselves

Healthcare Safety and Data

Hospital Safety & Data

One problem with healthcare in the United States is that consumers don't control their data and the information about them. Even the employers of healthcare consumers, who are paying for the services provided to patients and often responsible for whether patients have healthcare coverage at all, don't have access to any of the healthcare data … Continue reading Hospital Safety & Data

Guidance Toward High Value Care

Guidance Toward High Value Care

In his book The Elephant in the Brain, Robin Hanson explains that a lot of medical care and healthcare services are more about signaling than about the value they bring to the patient in terms of improved health and effective management or treatment of a given condition. Healthcare has a lot of signaling, showing others … Continue reading Guidance Toward High Value Care

Countersignaling Today Through Clothing

I'm a big fan of stoicism and I also try to think about the recommendations from The Minimalists in my daily life. I try not to let material goods control me, and I try to stay away from overtly status seeking behavior. I try to be pretty content with an average used car and try … Continue reading Countersignaling Today Through Clothing

Three Factors That Push In Favor of Religious Belief

In The Elephant in the Brain by Kevin Simler and Robin Hanson, the idea that many of the ways we act and behave have little to do with our stated reason for our actions and behaviors is explored in great detail. The authors' thesis is that our self-interest dominates many of our decisions. The authors … Continue reading Three Factors That Push In Favor of Religious Belief

Signaling Work Potential

"In 2001, the Nobel Prize was awarded to economist Michael Spence for a mathematical model of one explanation for these puzzles: signaling. The basic idea is that students go to school not so much to learn useful job skills as to show off¬†their work potential to future employers. In other words, the value of education … Continue reading Signaling Work Potential