Predictably Irrational

A physician’s decision of “hip surgery vs ibuprofen” is a relatively straightforward decision, especially when one can try the ibuprofen then go with hip surgery later. One compares something to another thing. Add a secondary choice like in “hip surgery vs (ibuprofen├é┬ávs peroxicam)” and people flip into going with hip surgery instead. When I watched… Continue reading Predictably Irrational

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Categorized as Economics