"Until now, there was nothing in the published experimental economics literature like this, in which a common design is done over and over, or in which somebody went back and meta-analyzed a body of data using a common design," says Colin Camerer, the Robert Kirby Professor of Behavioral Economics and director of the T&C Chen Center for Social and Decision Neuroscience in the Tianqiao and Chrissy Chen Institute for Neuroscience at Caltech.
Not to change the topic here:
CMS proposes permanent expansion of telehealth benefits | Medical Economics
The Centers for Medicare & Medicaid Services (CMS) is proposing a permanent expansion of telehealth as a way to bring healthcare into rural areas.
According to a news release, the move comes as part of the Fostering Innovation and Rethinking Rural Health strategic initiative which seeks to modernize Medicare through private sector innovation. The push for telehealth started in 2019 when CMS approved payments to physicians for virtual check-ins.
Letter from economists: to rebuild our world, we must end the carbon economy | Opinion | The
F rom deep-rooted racism to the Covid-19 pandemic, from extreme inequality to ecological collapse, our world is facing dire and deeply interconnected emergencies. But as much as the present moment painfully underscores the weaknesses of our economic system, it also gives us the rare opportunity to reimagine it. As we seek to rebuild our world, we can and must end the carbon economy.
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Instead, we should recognize that the present moment creates an opportunity to bring about a better future for ourselves and our children. By taking on the carbon economy, we can begin charting a pathway towards economic recovery while building a fairer, more sustainable world in the process.
Durkan veto of COVID-19 relief bill is bad economics | Crosscut
A view of the Seattle Municipal Tower, where Seattle Human Resources Department is housed, on Jan. 19, 2018 in Seattle.
At the stroke of midnight Friday, July 31, two things happened. August rent fell due for some 175,000 Seattle households, nearly 1 in 5 of which likely couldn't pay in July . And our mayor, Jenny Durkan, picked up her pen and vetoed the "JumpStart" COVID relief bill, including $36 million in emergency funds to help her struggling constituents stay housed or at least safely sheltered.
Quite a lot has been going on:
Coast Lines | SIR speaker to discuss economics of pandemic Aug. 12 – Santa Cruz Sentinel
SIR Santa Cruz is one of many branches of a state-wide, non-profit, public benefit corporation whose purpose is to provide retired or semi-retired men with stimulating information, recreational activities and opportunities to develop new or re-new friendships.
Activities such as golf, bocce, poker, socials, monthly luncheon and speakers are an integral part of branch membership with no monthly dues required. Visit the SIR sirinc2.org/branch20 website for latest activity updates or new membership information.
The 'shecession': why economic crisis is affecting women more than men | Economics | The Guardian
D enise Frederick hasn't stopped working since the pandemic began. But the nanny and home carer in New York City has also seen her pay cut in both jobs and she is uncertain about how long she will have either with the coronavirus outbreak far from under control.
Like many women, the economic fallout from the coronavirus pandemic has hit Frederick hard. For the first time in history, the US is in a "shecession" – an economic downturn where job and income losses are affecting women more than men.
Abandoning hope - Economic forecasts are too rosy.
MOST PEOPLE, when presented with bad news, tend to play it down. Even professional economic forecasters are not immune to the temptations of hope. In February 500m people in China were locked down, and covid-19 had spread to Italy. Yet the IMF said that in its base case global GDP growth this year would be only 0.1 percentage points lower than previously expected. By April it had cut that forecast by 6.2 percentage points, to -3%. By June it had sawn off another 1.9 percentage points.
By and large, economic forecasters are a sunny bunch. They rarely predict a downturn. Human nature, incentives and political pressure get in the way. Yet rosy forecasts by the IMF and the World Bank can have serious consequences. That is especially the case in poor countries today, where covid-19 is ravaging economies, and governments, international organisations and investors are using forecasts to guide their decisions.
Credit card data from JPMorgan Chase shows the economic recovery may be stalling
Consumer spending data from JPMorgan indicates that the economic recovery has been stuck in neutral since mid-June, mirroring data of weekly jobless claims and hours worked by service sector employees .
The chart, which measures use of select Chase credit and debit cards, showed that spending has been roughly 10% or more below its 2019 levels for over a month after rising sharply from its low point in late-March and early April.
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The data, disclosed by JPMorgan research in a note to clients, shows a continued divergence between different sectors, with spending in supermarkets and wholesale retailers up year-over-year but sharp drops for restaurants, gas stations, lodging and airlines.
Happening on Twitter
In 2,000 experiments recreating a famous simple market game, analysis by economists, led by @CFCamerer, always foun… https://t.co/LzEgnIGRpC Caltech (from Pasadena, CA) Tue Aug 04 17:37:30 +0000 2020
Famous economics experiment reproduced thousands of times @Caltech @NatureHumBehav https://t.co/2SzIeYFa2k physorg_com Tue Aug 04 12:30:53 +0000 2020
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