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.


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Episoder(427)

354 | Christian List on Free Will and Levels of Reality

354 | Christian List on Free Will and Levels of Reality

Did I have any freedom in choosing this particular podcast guest? At the level of particles, fields, and the fundamental laws of physics; no. At the level of human agents navigating the world, yes. To...

18 Mai 1h 26min

353 | Alvin Roth on the Economics of Morally Contested Markets

353 | Alvin Roth on the Economics of Morally Contested Markets

Economic markets are efficient ways of deciding fair prices, at least in ideal circumstances of perfect competition, information, and choice. But there is more to life than fair prices. Two people mig...

11 Mai 1h 11min

AMA | May 2026

AMA | May 2026

Welcome to the May 2026 Ask Me Anything episode of Mindscape! These monthly excursions are funded by Patreon supporters (who are also the ones asking the questions). We take questions asked by Patreon...

4 Mai 4h 6min

352 | Bing Brunton on Connecting the Connectome to the Body

352 | Bing Brunton on Connecting the Connectome to the Body

The connectome is the wiring diagram of a brain, a big matrix that tells us what neurons talk to what other neurons. Understanding it is an important step to understanding how brains work, but a long ...

27 Apr 1h 14min

351 | Peter Singer on Maximizing Good for All Sentient Creatures

351 | Peter Singer on Maximizing Good for All Sentient Creatures

Peter Singer has been an influential philosopher for a number of decades. He was a significant early voice in animal rights, has been a leading thinker of utilitarianism, and helped inspire the effect...

20 Apr 1h 15min

350 | J. Eric Oliver on the Self and How to Know It

350 | J. Eric Oliver on the Self and How to Know It

We are more familiar with ourselves than with anything else in the universe, but we generally don't come very close to really understanding what our "self" is. That's not too surprising, as selves are...

13 Apr 1h 21min

AMA | April 2026

AMA | April 2026

Welcome to the April 2026 Ask Me Anything episode of Mindscape! These monthly excursions are funded by Patreon supporters (who are also the ones asking the questions). We take questions asked by Patre...

5 Apr 3h 46min

349 | Daniel Harlow on What Quantum Gravity Teaches Us About Quantum Mechanics

349 | Daniel Harlow on What Quantum Gravity Teaches Us About Quantum Mechanics

There is something special about gravity. After decades of effort, there is still no convergence on the right way to reconcile Einstein's theory of general relativity with the framework of quantum mec...

30 Mar 1h 25min

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