Amy Finkelstein is Professor of Economics at MIT. Amy’s research focuses on market failures and government intervention in insurance markets and she has won numerous awards include a MacArthur Fellowship and the John Bates Clark Medal. Amy is co-author with Liran Einav and Ray Fisman of the forthcoming book: “Risky Business: Why Insurance Markets Fail and What to do about it”.

Buy the book
https://www.amazon.com/Risky-Business-Insurance-Markets-About/dp/0300253435/
Amy on wikipedia 
https://en.wikipedia.org/wiki/Amy_Finkelstein

episode on youtube: https://youtu.be/nvVlNSolE3s
show notes: https://notunreasonable.com/?p=7706

When is government compelled insurance a good idea? 0:02
How the public option or the mandate can create two different equilibria in the market. 8:53

Dental insurance isn’t really an insurance product. 13:27

The subsidy is not an objective, it’s a problem. 19:18

How do we choose whether to pay attention to some of these issues or not? 25:47

Why do we feel compelled to act when people are suffering from chronic conditions? 29:53

What are the benefits of giving people cash instead of insurance? 33:44

The problem of moral hazard in insurance. 39:51

The concept of affinity and intermediation. 45:28

Insurance can be learned the hard way. 51:02

What happens when the price of insurance gets too high in compulsory markets. 54:46

Why nobody ever wants to buy insurance. 1:01:06

Some of the studies that contradict what you think you know. 1:05:23

Twitter: @davecwright
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Social Science of Insurance Essays