Yesterday Decision Science News asked “Should you buy car insurance?” By which they mean collision insurance, liability insurance being required by law in these parts. I’m shocked and appalled that decision scientists could even ask such a thing. Actually, it’s a good question with some legitimate subtleties. I just happen to have an unreasonably strong opinion about... »
Archive for June, 2011
Car Insurance and an Ear Full of Cider
Thursday, June 30th, 2011
Tags: decision theory, economics, efficient markets, fallacies, insurance, marlon brando, no-trade theorem, rationality, wagers
Posted in Uncategorized | No Comments »
About
Sharad Goel (@5harad) and Daniel Reeves (@dreev) are present and past members of the Microeconomics and Social Systems (MESS) Group at Yahoo! Research. Kelly Savage illustrates the blog.
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