The Washington Post’s Karin Brulliard writes that MIT researchers have found that like health care costs for humans, the cost of health care spending on pets is rising. Brulliard explains that the researchers found it was “‘noteworthy’ that the parallels between the two systems exist even though insurance and government regulation…are less prevalent in pet health care.”
In an article for Wired, Issie Lapowsky interviews Prof. Charles Stewart about the fairness of the American voting system. Lapowsky explains that Stewart has been tracking voter experiences since 2008, and his research has “become the basis of other election administration research like the studies conducted by the Brennan Center.”
In an article for The Washington Post, Prof. Charles Stewart III explains that since the 2012 election, voter confidence in the election process has become increasingly polarized. “Democrats are now more confident in an accurate vote count — for their vote or nationwide. Republicans, meanwhile, have changed little,” Prof. Stewart writes.
Washington Post reporter Carolyn Johnson writes that a study by Prof. Amy Finkelstein finds that expanding Medicaid access increases emergency room visits. “People who gained Medicaid visited the emergency room about 65 percent more often than individuals who did not gain Medicaid in the first six months -- and the trend continued out to two years.”
NPR’s Steve Inskeep notes that in a 2010 episode of “The Simpsons” Milhouse van Houten predicts that Prof. Bengt Holmström will win a Nobel Prize in economics. Inskeep jokes that Milhouse was a visionary, who “knew way before the rest of the world that MIT's Bengt Holmström had genius in him.”
Nobel laureate Prof. Bengt Holmström speaks with NPR’s Steve Inskeep about the importance of incentives. Holmström recounts becoming interested in incentives while working at a multinational conglomerate after realizing computers could not “replace a lot of what the human mind is thinking,” adding that incentives are how “you influence people’s behavior.”
In this video, Prof. Heather Hendershot speaks with Mary Kissel of The Wall Street Journal about her new book examining the impact of William F. Buckley’s program the “Firing Line.” “He was the key player in forging a sophisticated, urban, elegant image for right wing conservatism. And that got me interested in him,” Hendershot explains.
In an article for The Boston Globe, Steve Annear notes that during an episode of “The Simpsons” Milhouse Van Houten predicts that MIT Prof. Bengt Holmström will win a Nobel prize in economics. Annear writes that “Milhouse’s prediction was spot on — but a few years too early. On Monday, Holmström finally earned his due.”
BBC News reporter Atish Patel reports on a new study, co-authored by Prof. Abhijit Banerjee, that found informal health care providers in India can improve with modest training. The researchers found that those who had undergone training were more likely to “adhere to checklists after training and made big improvements in providing correct treatments.”
Charles Duxbury and Mike Bird write for The Wall Street Journal that Prof. Bengt Holmström is one of the recipients of the 2016 Nobel Prize in economics. Holmström was honored, in part, for developing a model that examines “how pay should be linked to performance and how an optimal contract carefully weighs risks against incentives.”
Prof. Bengt Holmström received the Nobel Prize in economics for his research on contract theory, writes Chris Giles for the Financial Times. Holmström, who said he was “dazed … very surprised and very happy” about winning the award, found “an optimal contract should link payments to outcomes that reveal the performance of either party to a contract.”
Lisa Mullins of WBUR’s All Things Considered speaks with Prof. Bengt Holmström about winning the Nobel Prize in economics for his work examining how contracts motivate and affect people’s behavior. Holmström explains, “incentives are not just about paying people, it is also about job design.”
Prof. Bengt Holmström and Harvard Prof. Oliver Hart were awarded the Noel Prize in economics for their work on how to design better contracts, Deirdre Fernandes and Hiawatha Bray report for The Boston Globe. “Bengt and Oliver’s research has not only helped us to better understand incentives and institutions, it has helped us design better ones,” explains Prof. James Poterba.
Jeff Guo writes for The Washington Post about Prof. Bengt Holmström, one of the recipients of this year’s Nobel Prize in economics. “It’s just such a richly deserved prize,” said Glenn Ellison, head of MIT’s economics department. “Bengt’s work is outstanding both for answering really important questions, and for how beautifully crafted it is mathematically.”
Associated Press reporter Karl Ritter writes that Prof. Bengt Holmström has been honored with the Nobel Prize in economics. ‘‘I certainly did not expect it, at least at this time, so I was very surprised and very happy, of course,’’ Holmström said.