http://www.drudge.com/news/172783/krugman-dont-underestimate-gop-incompetence

Audiologists Not Immune to Dunning-Kruger Effect

When everyone is thinking alike, then somebody isn’t thinking.  Gen. George Patton If you’re the smartest person in the room, find another room. Michael Dell (Forbes magazine) “As God has said, and I think he’s right…”  Margaret Thatcher   Dunning and Kruger were the first to systematically investigate unconscious incompetence and report their findings in the…

Read More
http://uncookedland.tumblr.com/

The Costco Way: Ya Gotta Eat and Ya Oughta Hear

But ya don’t gotta see an audiologist to hear better, if you do it the Costco Way.  That Way is putting pressure on the traditional medical model of hearing aid dispensing, which is under siege from all quarters — Big Boxes, Internet, PSAPs, OTC legislation, Hearables — and is not likely to sustain in its…

Read More

End of Barriers, Part 4

This is the almost-final Econ 202 post on barriers that exist in the US hearing aid manufacturing and delivery system.1   Parts 1,  2 and 3 addressed regulatory requirements that discourage new entrants; legal and economic definitions of barrier to industry entry/exit; structural and strategic barriers in the hearing aid industry; and specific strategic barriers used by incumbent manufacturers in their…

Read More

Do High Profits Stymie Innovation and Swell Prices? Unsticking Adam Smith’s Hand

“Signal & Noise” is a bimonthly column by Brian Taylor, AuD.   Profits are an essential part of a free enterprise system. They provide employees and their families with an income, give shareholders a return, foster innovation and signal where capital needs to be invested in order to improve or grow a business.   Profit…

Read More

Samsung Comes Calling on the Hearing Device Industry

It makes sense for  companies like Apple and Samsung to gain competitive advantage through optimized supply chains that  “lock up key product and component supplies.” (4/21/15 post) Samsung Electronics agrees, judging by recent developments in its patent activity, infrastructure, component acquisitions, and newly announced products.  Moreover, Samsung Electronics thinks it makes especially good sense to focus on…

Read More