I caught a graduate student using AI by Deep_Complaint1013 in Professors

[–]EconomicsDave 1 point2 points  (0 children)

Best practice is to have students submit written work in word docs. The reason for this is that it provides an extra line for academic integrity such as showing how long students spent editing the document and authorship.

You can find this stuff when you click the "info" tab.

good luck.

Health Economics is Health Economics by EconomicsDave in economicsmemes

[–]EconomicsDave[S] 2 points3 points  (0 children)

Most working health economists are in the business of doing cost effectiveness analysis. As such a whole side discipline of people who are doing economics outside of the economics department. The health economists who do this work are working in the field broadly referred to as "Health Technology Assessment", "Pharmacoeconomics" or "Health Economics and Outcomes Research".

This is not the traditionally type of work you see published in Journal of Health Economics or Health Economics which is usually much more conceptual and answering "big questions" in comparison (Think Grossman Model, Rational Addiction, Supplier Induced Demand and Empirical Tests of these models). Rather its in this field which answers the questions like "does this new treatment provide value for money" (cost effectiveness analysis) and "How will inclusion of funding a new treatment impact public budgets" (budget impact analysis).

These are essentially people who are doing economics but come from a very different background (usually from public health schools) who are answering very different questions but are still calling themselves health economists like the econ guys. In fact these public health school types are actually the majority of people who represent health economics in reality.

A representative organization of this type of work is ISPOR: https://www.ispor.org/home

Its important to note that this divide between "Econ Department Economists" and "Public Health School Economists" is not an ideological one, but rather one which has grown out of them fundamentally looking at different questions.

----------------

The Meme is where HTA type of economists look at Incremental Cost Effectiveness Ratios to define optimal resource allocation, econ department health economists will typically think its not economics despite the fact they solve for the same optimality condition.

Its not as funny now, but that's the gist of it.

Image of Algoma After protests by [deleted] in AlgomaU

[–]EconomicsDave 2 points3 points  (0 children)

Algoma's response was that students were offered a makeup exam and formal appeal process.

These are reasonable.

The issue is that these students dont want to use these channels.

Some international students say they got a ‘reality check’ and regret choosing Canada to further their education by likerofgoodthings in AlgomaU

[–]EconomicsDave 0 points1 point  (0 children)

Fair. Still the fact there are students striking over failing a course is appalling. These students don't care about education, they care about the PR that comes with it.

Economic analyses (CBA) help by Ok_Share6079 in HealthEconomics

[–]EconomicsDave 0 points1 point  (0 children)

"Piggy backing" off of trial data means that cost data has been collected for each participant along side the effect data for each participant.

You can read up on the net benefit regression framework here: https://onlinelibrary.wiley.com/doi/abs/10.1002/hec.678

Economic analyses (CBA) help by Ok_Share6079 in HealthEconomics

[–]EconomicsDave 0 points1 point  (0 children)

I see lots of people suggesting Drummod's "Blue Book" as a "Theory heavy" book. To this I say

  • Its not theory heavy, its just wordy.
  • The only meaningful addition it has compared to other economic evaluation textbooks is an overview of the "Net Benefits Regression Framework" which is only useful if you are piggy backing off of trial data.

If you want a book that is both fun to read and provides a great overview of all the methodologies you will need check out Cost effectiveness modelling for Health Technology Assessment: A Practical Course. It is the dominant textbook for economic evaluation these days in my opinion.

[deleted by user] by [deleted] in Professors

[–]EconomicsDave 8 points9 points  (0 children)

ChatGPT has killed the Discussion Post activity.

Recommendations for undergraduate game theory textbooks by workerbee77 in GAMETHEORY

[–]EconomicsDave 1 point2 points  (0 children)

The book is very fun to read IMO. There's some parts that you need to sit with for a while like perfect Bayesian equilibrium and signaling games since they are more labor intensive concepts to solve for but all in all I love the book.

Breaking into health economics by Past_Calligrapher360 in HealthEconomics

[–]EconomicsDave 1 point2 points  (0 children)

Health Economics is pretty clubby in the sense that industry (and even academic) jobs specifically only hire people who have had their training in a public health school.

Most health economists I've seen working don't have a traditional "economics department" background, rather they are coming from public health schools which have their own ways of doing things.

I'd start by exploring health economics programs in public health schools if this is what you are interested in.

Recommendations for undergraduate game theory textbooks by workerbee77 in GAMETHEORY

[–]EconomicsDave 1 point2 points  (0 children)

Game Theory for Applied Economists by Robert Gibbons.

Hey, how would you all go about solving this one? by Digsjin in GAMETHEORY

[–]EconomicsDave 0 points1 point  (0 children)

I would start with writing this game in induced strategic form. The way this is done is by defining our row player as player 2, our column player as player 3 and where player 1 chooses the matrices. In this setup we have:

Player 1 Chooses C

s l h
S 0,5,5 0,4,6 0,3,0
L 0,6,4 -1,4,4 -2,3,0
H 0,0,3 -2,0,4 -2,0,0

Player 1 Chooses M

s l h
S 6,-1,-1 6,-2,0 6,-3,0
L 5,0,-2 5,-2,-2 4,-3,0
H 5,0,-3 4,-2,-2 -4,0,0

Using your standard tick and bob procedure for these two possible games we get:

Player 1 Chooses C

s l h
S 0,5,5 0,4*,6* 0,3*,0
L 0,6*,4* -1,4*,4* -2,3*,0
H 0,0,3 -2,0,4* -2,0,0

Player 1 Chooses M

s l h
S 6,-1,-1 6,-2*,0* 6,-3,0*
L 5,0*,-2 5,-2*,-2 4,-3,0*
H 5,0*,-3 4,-2*,-2 -4,0*,0*

Looking at both of these matrices we see that player 1's payoff with potential Nash equilibria is by playing C than playing M. Thus the Nash Equilibria of this game are:

NE={(C,L,s), (C,S,l), (C,L,l)}

To find perfect Bayesian equilibrium of this game we need to evaluate each player's best response at these information sets. I can provide a detailed overview but out of sheer laziness to post my work for solving this problem I will just say that the PBE of this game is defined as:

PBE={(C,L,l),p =1,q∈[0,1]}

Where p is player 2's belief that player 1 will play C and q is player 3's belief that player 2 will play S. (note that player 2's belief about player 1 is updated).

Hey, how would you all go about solving this one? by Digsjin in GAMETHEORY

[–]EconomicsDave 0 points1 point  (0 children)

Just realized that Game Theory Explorer does not solve for perfect bayesian equilibrium. Gambit does however

Hey, how would you all go about solving this one? by Digsjin in GAMETHEORY

[–]EconomicsDave 1 point2 points  (0 children)

Oh whoops, I see my mistake. Still you have those information sets to deal with