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Entries from March 2012

My Take: Supreme Court Justices are Human and Affected by Incentives

March 28th, 2012 · No Comments · Economics

It appears that Obamacare is facing an uphill battle in the Supreme Court: LA Times: Supreme Court greets healthcare mandate with skepticism Chicago Sun Times: Justices’ queries could signal trouble for health-care law CBS News: Supreme Court majority skeptical on health care law Washington Post: Supreme Court expresses doubts on key constitutional issue in health-care […]

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Goodheart’s Law

March 18th, 2012 · No Comments · Goodheart's Law

I’ve added Goodheart’s Law as a category. It’s well worth noting: “Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes.” Something to consider whenever you hear the word “targeting”.

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This Week in Public Choice Theory

March 18th, 2012 · No Comments · Economics

Some miscellaneous random clips I snagged this week. Classic examples of the ongoing and pervasive real-world manifestations of what students learn in Public Choice Theory 101. Might provide a little balance to those who obsess single-mindedly over “Market Failure.” Officers were told to arrest people who were doing little more than standing on the street, […]

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