Why conventional wisdom on health care is wrong (a primer)

Health care spending is well predicted, indeed caused, by income:

“Health spending is overwhelmingly determined by the average real income enjoyed by nations’ residents in the long run. The income elasticity of health expenditure is also extremely high at a national level — the health share rises rapidly with incomes. This can be plainly seen in OECD cross-sectional data.”

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This equation will change how you see the world

This equation will change how you see the world

January 31, 2020 at 05:34PM

Is rationality overrated? Sometimes, it’s better to be reasonable.

“The study starts by distinguishing between two terms: there’s rationality, where you focus on maximizing the chance of getting what you want, and there’s reasonableness, where you strike a balance between what you want and social norms.

Although we might sometimes use rational and reasonable interchangeably, the study shows that people generally associate the former with the cold hard logic of self-interest and the latter with socially conscious traits like kindness or cooperativeness.”

The vicious cycle of disrespect and cynicism

“Moreover, cynical individuals tended to treat others with disrespect, which in turn predicted more disrespectful treatment by others. In short, experiencing disrespect gives rise to cynicism and cynicism elicits disrespect from others, thereby reinforcing the worldview that caused these negative reactions in the first place.”