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4. What Do Grocery Store Prices and Heart Surgery Have in Common?

4. What Do Grocery Store Prices and Heart Surgery Have in Common?

FromFreakonomics, M.D.


4. What Do Grocery Store Prices and Heart Surgery Have in Common?

FromFreakonomics, M.D.

ratings:
Length:
17 minutes
Released:
Aug 27, 2021
Format:
Podcast episode

Description

Humans are hardwired to focus on the left digit in numbers. It’s why products are priced at $3.99 instead of $4.00. But does this left-digit bias also affect medical decisions? Host Bapu Jena is joined by a fellow researcher and a cardiologist to explain how left-digit bias shows up in one of the most important decisions a doctor can make, what it means for patients, and what we can do about it.
Released:
Aug 27, 2021
Format:
Podcast episode

Titles in the series (87)

Each week, physician and economist Dr. Bapu Jena will dig into a fascinating study at the intersection of economics and healthcare. He takes on questions like: Why do kids with summer birthdays get the flu more often? Can surviving a hurricane help you live longer? What do heart surgery and grocery-store pricing have in common?