• Death Spirals and Other Selection Problems with Amy Finkelstein

  • Jan 31 2023
  • Length: 1 hr and 12 mins
  • Podcast

Death Spirals and Other Selection Problems with Amy Finkelstein

  • Summary

  • 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

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