232 | Amy Finkelstein on Adverse Selection and Hidden Information

232 | Amy Finkelstein on Adverse Selection and Hidden Information

If you knew exactly when every person was going to die, or require medical care, you could make a killing buying and selling insurance. Nobody knows these things, of course -- the future is hard to predict -- but some people know something about the future that other people don't. This sets up adverse selection: the ability of one party to leverage information another party doesn't have, in order to gain an economic advantage. Economist Amy Finkelstein is an expert in this phenomenon, as well as the usefulness of empirical studies in economic research.

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Amy Finkelstein received her Ph.D. in economics from the Massachusetts Institute of Technology. She is currently John & Jennie S. MacDonald Professor of Economics at MIT. She is the co-director and research associate of the Public Economics Program at the National Bureau of Economic Research, and the co-Scientific Director of J-PAL North America. Among her awards are a MacArthur Fellowship and the John Bates Clark Medal. Her recent book, with co-authors Liran Einav and Ray Fisman, is Risky Business: Why Insurance Markets Fail and What to Do About It.


Jaksot(415)

22 | Joe Walston on Conservation, Urbanization, and the Way We Live on Earth

22 | Joe Walston on Conservation, Urbanization, and the Way We Live on Earth

There's no question that human activity is causing enormous changes on our planet's environment, from deforestation to mass extinction to climate change. But perhaps there is a tiny cause for optimism...

12 Marras 20181h 28min

21 | Alex Rosenberg on Naturalism, History, and Theory of Mind

21 | Alex Rosenberg on Naturalism, History, and Theory of Mind

We humans love to tell ourselves stories about why things happened the way they did; if the stories are sufficiently serious, we label this activity "history." Part of getting history right is simply ...

5 Marras 20181h 20min

20 | Scott Derrickson on Cinema, Blockbusters, Horror, and Mystery

20 | Scott Derrickson on Cinema, Blockbusters, Horror, and Mystery

Special Halloween edition? Scott Derrickson is a film-lover first and a director second, but he's been quite successful at the latter -- you may know him as the director and co-writer of Marvel's Doct...

29 Loka 20181h 23min

19 | Tyler Cowen on Maximizing Growth and Thinking for the Future

19 | Tyler Cowen on Maximizing Growth and Thinking for the Future

Economics, like other sciences (social and otherwise), is about what the world does; but it's natural for economists to occasionally wander out into the question of what we should do as we live in the...

22 Loka 201859min

18 | Clifford Johnson on What's So Great About Superstring Theory

18 | Clifford Johnson on What's So Great About Superstring Theory

String theory is a speculative and highly technical proposal for uniting the known forces of nature, including gravity, under a single quantum-mechanical framework. This doesn't seem like a recipe for...

15 Loka 20181h 12min

17 | Annalee Newitz on Science, Fiction, Economics, and Neurosis

17 | Annalee Newitz on Science, Fiction, Economics, and Neurosis

The job of science fiction isn't to predict the future; it's to tell interesting stories in an imaginative setting, exploring the implications of different ways the world could be different from our a...

8 Loka 20181h 11min

16 | Coleen Murphy on Aging, Biology, and the Future

16 | Coleen Murphy on Aging, Biology, and the Future

Aging -- everybody does it, very few people actually do something about it. Coleen Murphy is an exception. In her laboratory at Princeton, she and her team study aging in the famous C. Elegans roundwo...

1 Loka 20181h 4min

15 | David Poeppel on Thought, Language, and How to Understand the Brain

15 | David Poeppel on Thought, Language, and How to Understand the Brain

Language comes naturally to us, but is also deeply mysterious. On the one hand, it manifests as a collection of sounds or marks on paper. On the other hand, it also conveys meaning – words and sentenc...

8 Syys 20181h 24min

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