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Strategic Sorting: The Role of Ordeals in Health Care
In: NBER Working Paper No. w26041
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Working paper
Investing in the Unknown and Unknowable
In: Capitalism and Society, Vol. 1, Issue 2, Article 5, 2006
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A Tale of Probable Regions: A Statistical Fable
In: Journal of political economy, Band 79, Heft 2, S. 376-380
ISSN: 1537-534X
Bound to Happen: Explanation Bias in Historical Analysis
In: HKS Working Paper No. RWP19-032
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Sunlight and Protection Against Influenza
In: NBER Working Paper No. w24340
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Collective Action in an Asymmetric World
In: NBER Working Paper No. w22240
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Confronting Deep and Persistent Climate Uncertainty
In: HKS Working Paper No. 16-025
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Climate policy: hard problem, soft thinking
In: https://doi.org/10.7916/D8N306H5
Climate change is more uncertain, more global, and more long-term than most issues facing humanity. This trifecta makes a policy response that encompasses scientific correctness, public awareness, economic efficiency, and governmental effectiveness particularly difficult. Economic and psychological instincts impede rational thought. Elected officials, who cater to and foster voters' misguided beliefs, compound the soft thinking that results. Beliefs must change before unequivocal symptoms appear and humanity experiences the climate-change equivalent of a life-altering heart attack. Sadly, it may well take dramatic loss to jolt the collective conscience toward serious action. In the long run, the only solution is a bottom-up demand leading to policies that appropriately price carbon and technological innovation, and that promote ethical shifts toward a world in which low-carbon, high-efficiency living is the norm. In the short term, however, popular will is unlikely to drive serious action on the issue. Policy makers can and must try to overcome inherent psychological barriers and create pockets of certainty that link benefits of climate policy to local, immediate payoffs. It will take high-level scientific and political leadership to redirect currently misguided market forces toward a positive outcome.
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Collective Investment Decision Making with Heterogeneous Time Preferences
In: NBER Working Paper No. w9629
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Advertising and the Price, Quantity, and Quality of Primary Care Physician Services
In: The journal of human resources, Band 27, Heft 3, S. 381
ISSN: 1548-8004