Heterodox
Guest Post by Jeff Mosenkis of Innovations for Poverty Action. Above, Tim Harfords postcard rules for reading statistics (gated), inspired by Harold Pollack’s personal finance rules index card. ER docs seem to use mental heuristics – patients are more likely to get tested for and diagnosed with a heart attack if they go right after their 40th birthday than right before (job market paper from Stephen Coussens). Dick Thaler’s Nobel Prize-winning Mental Accounting paper was originally rejected...
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