John Tierney on the psychology of insurance

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Ok, we need a break from gas tax holidays. This column from John Tierney is nothing particularly earth-shattering in its pronouncements, but it addresses the moderately interesting (and moderately amusing) questions of why people would believe that buying insurance actually affects the future outcome.

But I liked this somewhat tangential remark:

The fear of tempting fate showed up in further experiments with Cornell students. When told about an applicant to graduate school at Stanford who had been given a Stanford T-shirt by his mother, people assumed he would hurt his chances for admission if he had the hubris to wear it. And they believed that a professor was more likely to call on them in class if they didn’t do the assigned reading.

The latter might actually be true. We can read faces, you know.

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This page contains a single entry by William Polley published on May 5, 2008 10:10 PM.

A simple restatement of the gas tax holiday question was the previous entry in this blog.

Last post on gas taxes for a while (I hope) is the next entry in this blog.

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