Americans overestimate income for children from wealthy families: Public also underestimates value of a college degree in mobility

Americans overestimate the future income for children from wealthy and middle-income families, but underestimate that for children from poor ones, finds a new study by New York University sociologists. The research, which appears in the journal Proceedings of the National Academy of Sciences (PNAS), runs counter to popular perceptions, as…

External reference drug pricing could save medicare tens of billions: Setting US drug prices based on prices paid in other countries could also improve affordability for Medicare beneficiaries

A new study by researchers at the Johns Hopkins Bloomberg School of Public Health found that prices for brand-name prescription drugs averaged 3.2 to 4.1 times higher in the U.S. when compared with prices in the United Kingdom, Japan and the Canadian province of Ontario. The study also found that…

Our social judgments reveal a tension between morals and statistics

People make statistically-informed judgments about who is more likely to hold particular professions even though they criticize others for the same behavior, according to findings published in Psychological Science, a journal of the Association for Psychological Science. “People don’t like it when someone uses group averages to make judgments about…