Tag Archives: nash equilibrium

Sovaldi: Risk vs Uncertainty, Innovation vs Facilitation, and How Patents and Ownership Don’t Differentiate Them


(This is an extension of my previous two posts on Sovaldi, particularly the second one.) Piracy is simply the free market saying, “Your markup is ridiculous.” As Nassim Nicholas Taleb mentions in his books The Black Swan and Fooled By … Continue reading

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The Oil (Change) Cartel


I was reminding myself that I need to change the oil in my car today when it struck me what a pain in the ass it is – that is, how many millions of hours are wasted – taking cars … Continue reading

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So, government CAN lead the market?


(Disclosure: I work for UnitedHealh) A note on the economics implications of UnitedHealth’s announcement Monday that they would retain key provisions of “Obamacare” even if the Supreme Court strikes it down… Other insurers quickly followed UnitedHealth. It’s hard to image … Continue reading

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