Fewer Americans were uninsured in 2007

According to the U.S. Census: Both the percentage and number of people without health insurance decreased in 2007. The percentage without health insurance was 15.3 percent in 2007, down from 15.8 percent in 2006, and the number of uninsured was 45.7 million, down from 47.0 million. The percentage of people covered by private health insurance…

Risk Aversion in the Laboratory

Many experimental economists have been interested in measuring the level of risk aversion as well as the determinants of risk aversion. These studies often take place in a controlled, laboratory setting and designing an experiment which will elicit responses which are true to life is essential. In “Risk Aversion in the Laboratory,” Harrison and Rutström…

What to say in economics seminars

Justin Wolfers writes in the Freakonomics blog that economists should limit their objections during academic seminars to a list of comments to make discussions of research papers more efficient. Here are some of my favorite: Adam Smith said that. Unfortunately, there is an identification problem which is not dealt with adequately in the paper. The…