Signalling Hustle

Katya Grace, via Robin Hanson, with a puzzler, in respect of why teenagers and their parents appear to under-invest in researching  jobs to inform the choice of education:

I’ve been meaning to remark how surprised I am that not even the students themselves seem interested in researching such things, or to even think of it.

Robin demurs and goes meta, which is probably a more interesting discussion. But I’ll try picking up the gauntlet, anyway. Continue reading Signalling Hustle

In Which I Am Sucked Into The Abyss

Paul Krugman suggests a purely state-run network of hospitals and clinics:

The public option would be required to spend significantly less per risk-adjusted recipient than traditional Medicare. And if it couldn’t provide care that seniors wanted given that restricted budget, it would have no takers and would close.

There are two elements to the strategy: first, that the government run a network of care facilities; and, second, that they be asked to execute the very specific strategy of offering a low-cost alternative. Continue reading In Which I Am Sucked Into The Abyss