Tuesday, 17 February 2015

Group decision-making exacerbates men’s tendency to lie

  • Honesty in groups: Gender matters – “Many nations and corporations strive to raise female membership in decision-making bodies. This column discusses new experimental evidence suggesting that there is more lying (and more extreme lying) in male groups and mixed-gender groups than in female groups. Moreover, group decision-making exacerbates men’s tendency to lie while the opposite is true for women. This suggests that the gender composition of decision-making bodies is important when the goal is to limit the scope of unethical behaviour.”
cancer drug price
  • The Rising Price of Anti-Cancer Drugs – “As the best-fit line shows, back in 1995 the new drugs were costing about $54,000 to save a year of life. By 2014, the new drugs were costing about $170,000 to save a year of life. This is an increase of roughly 10% per year.”
  • The Drug That Is Bankrupting America – “In December 2013, the Food and Drug Administration approved Sovaldi, and another formulation, Harvoni, which is sofosbuvir used in combination with another drug. Gilead set the price for a 12-week treatment course of Sovaldi at $84,000, amounting to $1,000 per pill. Gilead set the price of Harvoni at $94,000.According to researchers at Liverpool University, the actual production costs of Sovaldi for the 12-week course is in the range $68-$136. Indeed, generic sofosbuvir is currently being marketed in India at $300 per treatment course, after India refused to grant Gilead a patent for the Indian market. In other words, the U.S. price-cost markup is roughly 1,000-to-1!”
  • With Quakes Spiking, Oil Industry Is Under The Microscope In Oklahoma – “Austin Holland, the state seismologist … says that Oklahoma used to have, on average, one or two perceptible earthquakes a year. Now the state is averaging two or three a day. There were more magnitude 3 or greater tremors here last year than anywhere else in the continental United States, and the unprecedented spike in earthquakes has intensified. Holland suspects that modern oil production techniques are triggering the jump in quakes.”
  • Can de-industrialisation be reversed? – “A new study from the Brookings Institution argues that American prosperity is being driven by advanced industries. It raises the question as to whether de-industrialisation can be reversed.”
  • Tropical Pacific Ocean remains ENSO-neutral - “… all international models surveyed by the Bureau indicate tropical Pacific sea surface temperatures are likely to remain warm, but within the neutral range, until at least May. Beyond that time, outlooks favour warm-neutral or El Niño-like ocean temperatures.”
  • A Dynamic Theory of Romantic Choice – In the tradition of “The Theory of Interstellar Trade” – “I propose an answer to the question “why are all the good guys taken” through a dynamic model of romantic search. Search and matching modelsare workhorses in labor economics. I apply this framework to romance and explain why there are lots of single “boring Bernards and psycho Suzies”, as well as discuss the model’s welfare implications. The key mechanism in the model is that good couples stay together for longer. As such, even if there is a large share of good romantic partners, most single people are crazy.”
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