Can Bias Help President Obama in the Health Care Debate?
James Surowiecki had an interesting piece in last week’s New Yorker describing the endowment effect and the status quo bias and applying them to the current health care debate. In looking at the endowment effect (when you own something you tend to overvalue it) Surowiecki states: “What [the endowment effect] suggests about health care is … Continue reading Can Bias Help President Obama in the Health Care Debate?