Publications by authors named "Raymond Fisman"
Article Synopsis
- Altruism is crucial to physician professionalism, but its impact on care quality and costs is not well understood.
- A nationwide study involving over 250 US physicians explored the relationship between physician altruism, patient outcomes, and Medicare spending.
- Results indicated that patients of altruistic physicians had significantly fewer preventable hospital admissions and emergency visits, along with 9.26% lower spending.
Physicians' professional ethics require that they put patients' interests ahead of their own and that they should allocate limited medical resources efficiently. Understanding physicians' extent of adherence to these principles requires understanding the social preferences that lie behind them. These social preferences may be divided into two qualitatively different trade-offs: the trade-off between self and other (altruism) and the trade-off between reducing differences in payoffs (equality) and increasing total payoffs (efficiency).
View Article and Find Full Text PDFWe examine Chinese cities' COVID-19 reopening plans as a window into governments' economic and social priorities. We measure reopenings based on official government news announcements, and show that these are predicted by citizen discontent, as captured by Baidu searches for terms such as "unemployment" and "protest" in the prior week. The effects are particularly strong early in the epidemic, indicating a priority on initiating economic recovery as early as possible.
View Article and Find Full Text PDFWe studied the distributional preferences of an elite cadre of Yale Law School students, a group that will assume positions of power in U.S. society.
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