Watch CSPI’s video about Coke and diabesity

The Center for Science in the Public Interest has remade Coke's famed “Hilltop” ad to drive home the relationship between sugary soft drink consumption and obesity (and obesity's cousin, diabetes). CSPI recently reported that its video has been view more than 300,000 times in English. To view the video in English, go here or click on […]

The CFPB’s guides to money management

The Consumer Financial Protection Bureau has published consumer guides for managing money particularly aimed at helping newcomers to the U.S. Here's what the CFPB says about the guides, along with links to the guides themselves: Beneficiary. Collateral. Debit. Fair market value. These terms might look familiar, but what do they really mean? Now imagine how […]

Class Actions and the Counterrevolution Against Federal Litigation

That's the name of this article by law professor Stephen Burbank and political scientist Sean Farhang. Its part of a larger study about the counterrevolution against private enforcement of legal rights. Here is the abstract: In this article we situate consideration of class actions in a framework, and fortify it with data, that we have […]

ProPublica study finds blood thinning drug widely used, insufficiently monitored

Today's Washington Post reports on a ProPublica expose concerning the use of the drug Coumadin, a popular (in the sense of widely used) anti-coagulant used by many elderly people to prevent blood clotting. (The Post headline jumped out at me in part because two of my own relatives use or have used the drug in […]

George Mason Study of Self-Regulation of Privacy

Siona Robin Listokin of George Mason's  School of Policy, Government, and International Affairs has written Industry Self Regulation of Data Privacy and Security.  Here is the abstract: Industry self-regulation of consumer data privacy and security has been proposed as a flexible alternative and compliment to traditional government regulation. This study analyzes whether different types of existing […]

Fish Oil, Snake Oil, the FDA and the Courts

Brian Wolfman blogged yesterday about a Washington Post story pointing out that fish oil supplements are being marketed to consumers to lower the risk of heart disease despite the absence of scientific evidence bearing out their effectiveness. The FDA allows manufacturers of the supplements to get away with making a "qualified health claim" that "supportive […]

Russell Paper on Separating and Pooling in Response to Consumer Financial Mistakes

Jacob Hale Russell of Stanford has written Misbehavioral Law and Economics: Separating and Pooling in Responses to Consumer Financial Mistakes. Here is the abstract: Consumers’ choices in financial contracts do not always tell us what they really want. Put differently, revealed preferences are sometimes unreliable indicators of actual preferences. For instance, consider two consumers who […]