BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program


it's also about what's better: see buzzword "evidence-based medecine", as there is:
(a) too much tradition and too little science in the practice of medecine, and
(b) too little continuing training of doctors.
Perhaps two new psychiatric diagnostic categories should be added:
1. Antipsychiatric personality disorder: persons who believe and vehemently argue that modern psychiatry is all wrong and use very selective examination of evidence to support that view.
2. Narcissistic personality disorder, behavioral economist variant: persons who believe against all logic and observation that all behavior has an economic basis.
I have to say that I find papers such as yours very strange. Not knowing the field, I cannot tell if it is a "gotcha" paper (a refereed journal published this bizarre discourse on economics and extreme preferences among crazy persons), a parody of what other economists have published, a way of blasting Szasz, or something else.
You know who doesn't lack information about which procedures are most cost-effective? Insurance companies.
They have data on millions of people, billions of procedures and tests, exact costs on all of those, sequence data on what order the tests were performed in, what the eventual and final diagnosis was on the basis of those tests, and what the life expectancy was for each person given a certain basket of prior conditions and proactive treatments.
If the government forced insurance companies to anonymize and publish all of this data for the Army of Davids to analyze, imagine what the data mining might find....
Imagine what a single knowledgeable data mining expert might find with that data in a single week...