Knives, fire and fear at Yellowstone — Joanne Jacobs After a few minutes, when we were clear, Cody looked up at me and said evenly, “Dad, that’s the most scared I’ve ever been in my entire life.” And so I told him that fear is natural and that there’s nothing wrong with it. That anyone would be scared in a moment like that. But what’s important is that you put your fear to one side so that you can think clearly and do whatever needs to be done.
Signaling and the evolution of female wages – Marginal REVOLUTION You will note that the signaling theory seems most plausible as an explanation of what happens right after people get out of college, and thus it appeals to many students and also to some academics. Signaling theories of wages are least plausible as they try to explain broad patterns of wage movements over time, and then you must bring in human capital considerations. In similar fashion, signaling theories won’t explain the relative wage stagnation since 1999 and many other longer-term puzzles; they just don’t play in this arena.
The EpiPen Drama Shows What’s Wrong With How Drugs Are Priced – Bloomberg This system has never worked well, but it’s working even less well now because of the profusion of high-deductible health insurance plans. Many ordinary Americans who haven’t reached their deductible limits are being exposed to high list prices that were intended to be no more than a starting point for negotiations between powerful institutional sellers and buyers. In other words, a price that was basically fake has become all too real.