BA 3300 exam review #1

Question 1

What were some results of the Oregon Health Experiment

Answer 1

covering the uninsured with Medicaid increased the use of health care, including primary care, hospitalizations, and emergency room visits; diminished financial strain; and reduced depression. There was no statistically significant impact on physical health measures, employment, or earnings.

Question 2

design a retirement savings decisions environment to
nudge people to make better choices (here: delay self-restricting measures,
avoid loss aversion, exploit status quo bias).

Answer 2

Save More Tomorrow

Question 3

___________minimizes issues of data and specification mining and
provides a record of the full set of planned analyses.

Answer 3

Prespecification

Question 4

In the first one to two years of coverage, Medicaid had no statistically
significant effect on several measures of physical health. Partly due to
insufficient ______________.

Answer 4

statistical power

Question 5

Lessons of Oregon health experiment -

Answer 5

increases utilization of health care and improves
self-reported health and reduces clinical depression. Insignificant and
“noisy” effects on physical measures of healthcreases utilization of health care and improve
self-reported health and reduces clinical depression. Insignificant and
“noisy” effects on physical measures of health

Question 6

These reasonable positions are often incompatible. The crux of the matter
is what we call _____________.

Answer 6

adverse selection

Question 7

Adverse selection is a market failure
resulting from _____________.

Answer 7

asymmetric information