Lessons from Medicine: Expense is Harm
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If you weren’t spending your money on useless treatment, you could enrich your life in other ways, retire earlier, or be richer.

Lessons from Medicine: Reporting Can Lie
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There is an incentive to lie when your methodology is bad.

Lessons from Medicine: “Doing Something” Is Often Worse
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Even if all four of these sentimental or pragmatic justifications are true, doing the wrong thing is still worse than doing nothing.

Lessons from Medicine: Compensation Matters
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“It is, of course, hard to get people in any profession to do the right thing when they’re paid to do the wrong thing.”

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