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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    Arthur Chu‏Verified account @arthur_affect 22 Mar 2017

    Arthur Chu Retweeted Save What We Love

    Insurance is one of the most heavily regulated markets in the world because it's almost the perfect opposite of a perfect info markethttps://twitter.com/julieerick3/status/844760265568632833 …

    Arthur Chu added,

    Save What We Love @Julie_Erick_A
    Replying to @arthur_affect
    Econ taught in high school stops at the level where they assume perfect information. There's no way we have that
    9:01 PM - 22 Mar 2017
    • 16 Retweets
    • 58 Likes
    • Christopher Aquilino -H. Angela Taylor ImPractical World Nicole Oertli King Salome Strangelove st. alice of the knife ☭🌻 Shirley Siluk brooklyn jaymes
    5 replies 16 retweets 58 likes
      1. New conversation
      2. Arthur Chu‏Verified account @arthur_affect 22 Mar 2017
        Replying to @arthur_affect

        Indeed insurance only exists at all because of limited information - if we could predict the future accurately there wouldn't be insurance

        2 replies 6 retweets 32 likes
      3. GrandstandFan‏ @GrandstandFan 22 Mar 2017
        Replying to @arthur_affect

        To paraphrase Chris Rock, we should call it incaseshit

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. New conversation
      2. Save What We Love‏ @Julie_Erick_A 22 Mar 2017
        Replying to @arthur_affect

        not only is it not a perfect info market, there's more than a bit of extortion in health care. Your money or your life.

        1 reply 0 retweets 1 like
      3. Save What We Love‏ @Julie_Erick_A 22 Mar 2017
        Replying to @Julie_Erick_A @arthur_affect

        you can't shop for an ambulance service when you need one. Shop for an ER when you are having chest pain.

        1 reply 1 retweet 1 like
      4. Show replies
      1. Stat Geek  🤖‏ @stat_geek 22 Mar 2017
        Replying to @arthur_affect

        @rebeccastob unless you're in a universal care system. The amount of data is astronomical.

        0 replies 0 retweets 0 likes
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      1. Alex Imas‏ @AImas8706 22 Mar 2017
        Replying to @arthur_affect

        and health insurance is the most opaque of the insurance markets. Kenneth Arrow had a great paper on it in ~1962.

        0 replies 0 retweets 0 likes
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      1. Robert Enders 🌌‏ @RobertMEnders 23 Mar 2017
        Replying to @arthur_affect

        Trouble is that it's regulated by legislators who don't read the bills they vote on.

        0 replies 0 retweets 0 likes
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