When people donโt pay the true cost of something, they tend to consume it inefficiently.
Steven LevittInformation is a beacon, a cudgel, an olive branch, a deterrent--all depending on who wields it and how.
Steven LevittPeople who buy annuities, it turns out, live longer than people who don't, and not because the people who buy annuities are healthier to start with. The evidence suggests that an annuity's steady payout provides a little extra incentive to keep chugging along.
Steven Levitt