Vaccination vs hospitalisation

The future is looking brighter for those outside Auckland, given that Ashley Bloomfield today talked about a new and improved COVID Alert Level 2 that will be proposed to Cabinet tomorrow. Cabinet will make its decision tomorrow afternoon as to what Alert Levels the country will be in when our current levels expire at midnightContinue reading “Vaccination vs hospitalisation”

Which is my bestest interest?

I have been discussing vaccination issues with my friend Phil, including debating whether people act in their own best interests, or not. Richard Thaler won the Nobel Prize for economics in 2017, for his work demonstrating that limited rationality, social preferences, and lack of self-control systematically affect human decisions, and thus market outcomes. Thaler is a proponentContinue reading “Which is my bestest interest?”

Third waves

It’s the 7th wave that is supposed to be the big one if you are at sea, or surfing. Let’s hope its not that way with COVID-19. Three waves appear to be more than enough for most countries, and by the seventh wave everyone will be extremely jaded with lockdown procedures. It is quite interestingContinue reading “Third waves”

Perverse incentives

Perverse incentives are incentives that have unintended, negative effects that are contrary to the intention of their designers. The ‘cobra effect’ is famous; the British government, concerned about the number of venomous cobras in Delhi, offered a bounty for every dead cobra. Initially, this was a success and large numbers of snakes were killed for the reward. Eventually, however, enterprisingContinue reading “Perverse incentives”

The crevasses open

When you are mountaineering or ski touring on a glacier, you need to be prepared for the inevitable crevasses. Crevasses form as the result of differential rates of movement in the ice – such as when the glacier goes over an edge and falls down a steep section of the valley. When you look downContinue reading “The crevasses open”