Podcasts about liran einav

Insurance forms that make no sense. Subscriptions that can't be cancelled. A never-ending blizzard of automated notifications. Where does all this sludge come from — and how much is it costing us? (Part one of a two-part series.) SOURCES:Benjamin Handel, professor of economics at UC Berkeley.Neale Mahoney, professor of economics at Stanford University.Richard Thaler, professor of economics at The University of Chicago. RESOURCES:"Selling Subscriptions," by Liran Einav, Ben Klopack, and Neale Mahoney (Stanford University, 2023)."The ‘Enshittification' of TikTok," by Cory Doctorow (WIRED, 2023)."Dominated Options in Health Insurance Plans," by Chenyuan Liu and Justin Sydnor (American Economic Journal: Economic Policy, 2022).Nudge (The Final Edition), by Richard Thaler and Cass Sunstein (2021)."Frictions or Mental Gaps: What's Behind the Information We (Don't) Use and When Do We Care?" by Benjamin Handel and Joshua Schwartzstein (Journal of Economic Perspectives, 2018)."Adverse Selection and Switching Costs in Health Insurance Markets: When Nudging Hurts," by Benjamin Handel (National Bureau of Economic Research, 2011). EXTRAS:"People Aren't Dumb. The World Is Hard. (Update)" by Freakonomics Radio (2024)."All You Need is Nudge," by Freakonomics Radio (2021)."How to Fix the Hot Mess of U.S. Healthcare," by Freakonomics Radio (2021)."Should We Really Behave Like Economists Say We Do?" by Freakonomics Radio (2015).

Health outcomes in the United States lag behind those in many other rich countries, especially for lower income groups and ethnic and racial minorities. These shortcomings arise even though health care expenditures represent almost one-fifth of this country's national income. Amy Finkelstein and Liran Einav document the state of health care and health insurance in the United States as well as their suggestions for improvements in their new book 'We've Got You Covered: Rebooting American Health Care.' Amy joins EconoFact Chats to discuss the findings and analysis in her book, and her decades of pathbreaking research on this topic. Amy is the John and Jennie S. MacDonald Professor of Economics at MIT. A member of the National Academy of Sciences, Amy was awarded the prestigious John Bates Clark Medal from the American Economic Association in 2012, and a MacArthur “Genius Grant” in 2018.

Health outcomes in the United States lag behind those in many other rich countries, especially for lower income groups and ethnic and racial minorities. These shortcomings arise even though health care expenditures represent almost one-fifth of this country's national income. Amy Finkelstein and Liran Einav document the state of health care and health insurance in the United States as well as their suggestions for improvements in their new book 'We've Got You Covered: Rebooting American Health Care.' Amy joins EconoFact Chats to discuss the findings and analysis in her book, and her decades of pathbreaking research on this topic. Amy is the John and Jennie S. MacDonald Professor of Economics at MIT. A member of the National Academy of Sciences, Amy was awarded the prestigious John Bates Clark Medal from the American Economic Association in 2012, and a MacArthur “Genius Grant” in 2018.

Welcome to this week's episode of the Mixtape with Scott! I'm your host - Scott Cunningham, a professor at Baylor in their economics department. This week's guest is with none other than Amy Finkelstein, the John Bates Clark award and MacArthur Genius grant winner, and professor of economics at MIT. This was a fun interview — super generous, giving guest who shared a lot of her life, how she grew up in New York and then through her own windy road found her way to economics. She has a new book out “We've Got You Covered: Rebooting American Health Care” (with Liran Einav).I loved this interview. We talked about the Oregon Medicaid Experiment, which I talk about in my book in the instrumental variables chapter when discussing lotteries. She shares where that idea came from, and it was super exciting to hear about that. I hope you like the interview as much as me.Remember if you like the interview, consider supporting it by subscribing, liking, sharing or even becoming a paying subscriber. Enjoy!Scott's Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Substack at causalinf.substack.com/subscribe

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/medicine

New Ep is up! Today we have our first returning guest, Dr. Amy Finkelstein, economics professor at MIT, co-author (with Liran Einav) of today's subject, the book We've Got You Covered: Rebooting American Health Care, but also co-author of Risky Business: Why Insurance Markets Fail and What to Do About It, the subject of an interview from earlier this year.Amy and her co-authors are experts in insurance generally, and health insurance specifically. I mention that because in the interview I rave about this being a textbook example of Edward De Bono's lateral thinking and blank page creativity, which seem to come most often from “outside the box.” What I meant by that was as much as she's studied health insurance, Amy hasn't worked in the health care industry for 20 years or worked in public policy in Washington. So, from that perspective, I suggest she lacks institutional bias and has an outsider's advantage.The title undersells what the book is offering, which is a blueprint for, I believe, the best way to run health care in America, which is universal coverage with free, basic coverage for all. That's a tease, there's so much more to it, and the book provides evidence from around the world including not just countries from Europe to the UK and Norway to Singapore and Australia, but also states like Massachusetts and Oregon, to support the authors' research. And, I know I always say this, but in this case it's especially true because of the enormity of the subject matter, but you do really have to read the book. With that said, the most elegant solutions are often the simplest, and by that measure, Amy and Liran have crushed it again. The solution, the final product if we could start from scratch, is amazingly straight forward. One more thing to entice you into reading the book. If you start from first principles as the authors did, you find that there is actually a lot more consensus on the building blocks of this recommended framework from the right, left, and middle, than there is disagreement. Other than me screwing up the term “supplemental” insurance and instead saying “premium” a couple of times, it's a clean interview, thanks to Amy's mastery of the subject. If you can overlook that error, and apologies for any confusion that causes, you're going to leave the interview miles ahead of your friends, family, and work associates on the subject. But don't be greedy. Share it with all of them! And send it to you representatives in Washington.Read more about Amy here, and coauthor Iran Einav on X. Buy the book here or at your favorite bookstore.

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/law

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point. As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move. It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn't from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke. We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

In the Sunday Book Review, I consider books that would interest the compliance professional, the business executive or anyone who might be curious. It could be books about business, compliance, history, leadership, current events or anything else that might interest me. In today's edition of the Sunday Book Review, I continue my summer exploration of books on crime. Today, the summer's top business books as curated by FT Columnist Andrew Hill.   ·      How Big Things Get Done by Bent Flyvbjerg and Dan Gardner ·      Risky Business by Amy Finkelstein, Liran Einav and Ray Fisman  ·      Wonder Boy by Angel Au-Yeung and David Jeans ·      The Case for Good Jobs by Zeynep Ton ·      The Four Workarounds by Paulo Savaget Resource Andrew Hill: Best Summer Books: Business in FT Learn more about your ad choices. Visit megaphone.fm/adchoices

30 million Americans lack formal health insurance. Many of the rest of Americans live in constant danger of losing health care coverage. Even with insurance, most live with the risk of enormous medical bills for covered care. In their new book, “We've Got You Covered: Rebooting American Health Care,” Liran Einav and Amy Finkelstein, Professors of economics at Stanford and MIT, argue it is because no one is asking the right question: What is it that U.S. health insurance policy should accomplish? Newt's guest is Dr. Amy Finkelstein. She is the John and Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology.See omnystudio.com/listener for privacy information.

As I head into a three-month book leave, I wanted to take some time to address a wide array of listeners' questions. My column editor, Aaron Retica, joins me for a conversation that ranges from the content of my forthcoming book and President Biden's climate record to the simulation hypothesis and legalized psychedelic therapy.We also discuss what the I-95 collapse — and remarkably quick repairs — tell us about government's ability to build quickly, the problems with everything-bagel liberalism, what it would mean to treat climate change like the emergency that it is, why I dislike analogies between Biden and Franklin Roosevelt, why health care reform has receded from the center of American political debate, whether liberals are being too soft on Hunter Biden, why I am staunchly against term limits for Congress, what kinds of work are most undervalued in American society, why I've become less pessimistic about artificial intelligence disinformation, why I left Twitter but have been enjoying Threads, the challenges of keeping a Sabbath practice and more.This episode contains strong language.Note: Starting next week, “The Ezra Klein Show” will be releasing episodes only once per week, every Tuesday, until Ezra returns from his book leave in early November. These episodes will be hosted by a range of guest hosts.Mentioned:“The Problem With Everything-Bagel Liberalism” by Ezra Klein“The Book I Wish Every Policymaker Would Read” by The Ezra Klein Show, with Jennifer Pahlka“Two Theories of What I'm Getting Wrong” by Ezra Klein“The Greens' Dilemma” by J. B. Ruhl and James E. Salzman“Not Everyone Should Have a Say” by Jerusalem DemsasWe've Got You Covered by Liran Einav and Amy Finkelstein“This Is Your Brain on ‘Deep Reading.' It's Pretty Magnificent.” by The Ezra Klein Show, with Maryanne Wolf“Elon Musk Got Twitter Because He Gets Twitter” by Ezra Klein“Sabbath and the Art of Rest” by The Ezra Klein Show, with Judith ShulevitzMusic Recommendations:“Orange” by Caroline Shaw and Attacca QuartetFred again..: Tiny Desk Concert on NPR Music“USB” by Fred again..“Midas” by Maribou StateThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact checking by Mary Marge Locker and Kate Sinclair. Our senior engineer is Jeff Geld. Our senior editor is Rogé Karma. The show's production team also includes Emefa Agawu, Rollin Hu and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. And special thanks to Sonia Herrero.

From disease to long term care to natural disasters, insurance offers hope for security in an uncertain world.  But it often fails to deliver.  In this podcast we explore what makes insurance markets work and what makes them fail.  Our guest, Amy Finkelstein, an economics professor at MIT, and her co-authors Liran Einav and Ray … Continue reading EP 649 Do You Want or Need Pet or Dental Insurance(and other Imponderables about How Insurance Markets Really Work) →

If you knew exactly when every person was going to die, or require medical care, you could make a killing buying and selling insurance. Nobody knows these things, of course -- the future is hard to predict -- but some people know something about the future that other people don't. This sets up adverse selection: the ability of one party to leverage information another party doesn't have, in order to gain an economic advantage. Economist Amy Finkelstein is an expert in this phenomenon, as well as the usefulness of empirical studies in economic research.Support Mindscape on Patreon.Amy Finkelstein received her Ph.D. in economics from the Massachusetts Institute of Technology. She is currently John & Jennie S. MacDonald Professor of Economics at MIT. She is the co-director and research associate of the Public Economics Program at the National Bureau of Economic Research, and the co-Scientific Director of J-PAL North America. Among her awards are a MacArthur Fellowship and the John Bates Clark Medal. Her recent book, with co-authors Liran Einav and Ray Fisman, is Risky Business: Why Insurance Markets Fail and What to Do About It.Web pageWikipediaGoogle Scholar publicationsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Amy Finkelstein is Professor of Economics at MIT. Amy's research focuses on market failures and government intervention in insurance markets and she has won numerous awards include a MacArthur Fellowship and the John Bates Clark Medal. Amy is co-author with Liran Einav and Ray Fisman of the forthcoming book: “Risky Business: Why Insurance Markets Fail and What to do about it”.Buy the bookhttps://www.amazon.com/Risky-Business-Insurance-Markets-About/dp/0300253435/Amy on wikipedia https://en.wikipedia.org/wiki/Amy_Finkelsteinepisode on youtube: https://youtu.be/nvVlNSolE3sshow notes: https://notunreasonable.com/?p=7706When is government compelled insurance a good idea? 0:02How the public option or the mandate can create two different equilibria in the market. 8:53Dental insurance isn't really an insurance product. 13:27The subsidy is not an objective, it's a problem. 19:18How do we choose whether to pay attention to some of these issues or not? 25:47Why do we feel compelled to act when people are suffering from chronic conditions? 29:53What are the benefits of giving people cash instead of insurance? 33:44The problem of moral hazard in insurance. 39:51The concept of affinity and intermediation. 45:28Insurance can be learned the hard way. 51:02What happens when the price of insurance gets too high in compulsory markets. 54:46Why nobody ever wants to buy insurance. 1:01:06Some of the studies that contradict what you think you know. 1:05:23Twitter: @davecwrightSurprise, It's Insurance mailing listLinkedin Social Science of Insurance Essays

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn't care who buys the store's broccoli or carrots—insurance providers are more careful in choosing their customers, because some are more expensive than others. In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale UP, 2023), Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we'd be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you've often wondered about, as well as for others you haven't yet considered. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn't care who buys the store's broccoli or carrots—insurance providers are more careful in choosing their customers, because some are more expensive than others. In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale UP, 2023), Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we'd be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you've often wondered about, as well as for others you haven't yet considered. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn't care who buys the store's broccoli or carrots—insurance providers are more careful in choosing their customers, because some are more expensive than others. In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale UP, 2023), Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we'd be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you've often wondered about, as well as for others you haven't yet considered. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn't care who buys the store's broccoli or carrots—insurance providers are more careful in choosing their customers, because some are more expensive than others. In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale UP, 2023), Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we'd be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you've often wondered about, as well as for others you haven't yet considered. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn't care who buys the store's broccoli or carrots—insurance providers are more careful in choosing their customers, because some are more expensive than others. In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale UP, 2023), Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we'd be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you've often wondered about, as well as for others you haven't yet considered. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn't care who buys the store's broccoli or carrots—insurance providers are more careful in choosing their customers, because some are more expensive than others. In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale UP, 2023), Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we'd be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you've often wondered about, as well as for others you haven't yet considered. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices

How to survive in a world where luck and randomness play a pivotal role.Topics covered include:What are power lawsWhat are the narrative fallacy and hindsight biasWhat are examples of domains where randomness has contributed to successWhat are ways to distinguish investing skill from luckHow sixth-century philosopher Boethius had an accurate view of chanceWhat are ways we can benefit from good luck while protecting ourselves from bad luckFor more information on this episode click here.SponsorsCopperMoney For the Rest of Us PlusShow NotesRedacted messages to and from Elon Musk—Delaware's Court of ChanceryElon Musk's Texts Shatter the Myth of the Tech Genius by Charlie Warzel—The AtlanticTalent Versus Luck: The Role of Randomness In Success and Failure by Alessandro Pluchino, Alessio Emanuele Biondo, and Andrea RapisardaSusan AlexandraWelcome to Susan Alexandra's Dream World by Sophia Herring—Clever, Architectural DigestThe Fashion Set Can't Get Enough of Susan Alexandra's Colorful, Kitschy Designs by Noah Lehava—CoveteurQuantifying the evolution of individual scientific impact by Roberta Sinatra et al.What's in a Surname? The Effects of Surname Initials on Academic Success by Liran Einav and Leeat YarivMiddle names make you look smarter—University of SouthhamptonAdmission to Selective Schools, Alphabetically by Štěpán Jurajda and Daniel MünichIt Pays to Be Herr Kaiser: Germans With Noble-Sounding Surnames More Often Work as Managers Than as Employees by Raphael Silberzahn and Eric Luis UhlmannThe relative-age effect and career success: Evidence from corporate CEOs by Qianqian Du, Huasheng Gao, Maurice D. LeviThe Black Swan: The Impact of the Highly Improbable by Nassim Nicholas TalebWere Those Great Returns the Result of Skill — or Just Luck? by Julie Segal—Institutional InvestorRelated Episodes323: The Economy Is Not A MachineSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.