tag:blogger.com,1999:blog-2830084253401570472.post560485779131000544..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: What if?Eric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2830084253401570472.post-36971886026563832452012-12-14T09:23:34.639+13:002012-12-14T09:23:34.639+13:00All sounds about right.
Harm from an economic p...All sounds about right. <br /><br /><br />Harm from an economic perspective will differ also from harm from a medical perspective. When they used a four standard drink per day on average threshold for medical harm, that isn't far from the J-curve cut point. But that's not the same as the threshold for economic harm UNLESS the only thing that people care about is their health. If you choose to have 5 instead of 4, knowing that you will incur a bit of health risk, but weighing the consumption benefits as being worth it, there is no economic harm.<br /><br /><br />The thing that hit me in the video is that when I'm looking at people in the front row of a tiered theatre, it looks like I'm looking down at my notes. I need to pitch to the back of the room.Eric Cramptonhttp://offsettingbehaviour.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-63868845799430502312012-12-13T20:36:05.020+13:002012-12-13T20:36:05.020+13:00Excellent primer on the field Eric.
Things I too...Excellent primer on the field Eric. <br /><br />Things I took away: <br /><br />1. voodoo magic conclusions, such as BERL's, from poor methodology. Seems like people (maybe Sir Geoff included) read the papers and went wild fire in the media.<br /><br />2. J curves... (who knew?!?!)<br /><br />3. Think about the margins... I'm in the middle so why should the edge's affect me as dramatically as the extremities when it comes to policy?<br /><br />4. Margins may be hard to target with policy. Broad brush policy may do more harm than good in the middle than affecting the problematic margins. Weight margins if you can - at least try to target margins.<br /><br />I didn't go back and compare/review but I am guessing one of the other key points is that the diagnostic definition of harm at the start didn't quite meet the J curve expectancy of harm. That being correct, some of those studies should be disregarded given the cold light of day of the J curve analysis. <br /><br />So the real question is, how do we get the tee-totallers causing us harm get on the alcohol band wagon to bring down externalities? :-)<br /><br />On a personal note, when you got animated it really hits home<br /><br /> (the flippant conclusions work... they really imprint... e.g. group 1 carcinogens! As a Pharma guy it cracked me up)<br /><br />Nice work.Brendon Mackenzienoreply@blogger.com