Friday, November 14, 2008

When the only tool you have is a hammer...

...everything looks like a nail

One of my favorite sayings explained in a new way.

from the Healthcare Economist blog
http://healthcare-economist.com/2008/11/14/when-the-only-tool-you-have-is-a-hammer-everything-looks-like-a-nail/

Availability bias is why we need science, not just journalism (and blogs).

[excerpt] How do we solve the health care crisis? The Healthcare Economist received his training in economics and you may notice that he often uses an economic framework to analyze issues. Is economics always the right framework? Likely no.

Salon.com gives some instruction: “You know the joke that economists like to tell each other about the drunk looking for his keys under the streetlight, not because that’s where he lost them, but because that’s where the light is? That’s just the way life is — you use the tools that you’ve got to examine the problems that you’ve got...

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