How good are you at ‘X’?

Where X can be basically any task. Likely your answer is that you are pretty good at X. In fact, you probably think you are above average. There is an explanation for this: the Dunning-Kruger effect. This is a bias where people generally believe they are better at a task than they are. This effect…

Optimal Choices of Medicare Part D Plans

Are elderly Medicare beneficiaries able to choose Part D health plans optimally?  Many researchers may believe the answer is no.  Certain elderly individuals  (e.g., those with Alzheimer’s) may be cognitively impaired.  Inertia is also a problem; switching plans is mentally taxing and involves a spending a significant amount of time researching plan alternatives. Nevertheless, a…