Pluralistic Ignorance

Pluralistic Ignorance

TV shows and movies frequently have scenes where one character has been putting up with something they dislike in order to please another character, only to find out that the other character also dislikes the thing. I can think of instances where characters have been drinking particular beverages they dislike, playing games they don't enjoy, … Continue reading Pluralistic Ignorance

Nudges Versus Regulation

Nudges Versus Regulation

"Libertarian paternalism, we think, is a promising foundation for bipartisanship." Write Cass Sunstein and Richard Thaler in their book Nudge. The authors are in favor of a governance structure that does not eliminate choice and possibility for people in the world. They are in favor of a system that allows flexibility for the people who … Continue reading Nudges Versus Regulation

Money Isn't About Economic Security (For Most of Us)

Money Isn’t About Economic Security (For Most of Us)

Tyler Cowen started his February 28th, 2018 podcast interview with his colleague from George Mason University, Robin Hanson, with the following:   "Robin, if politics is not about policy, medicine is not about health, laughter is not about jokes, and food is not about nutrition, what are podcasts not about?"   Hanson goes on to … Continue reading Money Isn’t About Economic Security (For Most of Us)

Signaling Fairness with Altruistic Punishment

Maintaining the Rules of Fairness with Signaling and Altruistic Punishment

Society is held together by many unspoken rules of fairness, and maintaining rules of fairness is messy but rewarding work. We don't just advocate for fairness in our own lives, but will go out of our way to call out unfairness when we see it hampering the lives of others. We will protest, march in … Continue reading Maintaining the Rules of Fairness with Signaling and Altruistic Punishment

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┬áVenture 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