More on Costco and Audiologists: Apples to Apples?

Hearing Economics went out on a testimonial limb two weeks ago by describing one Audiologist’s positive interactions with a local Costco dispensing operation.  The Audiologist was me and I braced myself for an onslaught of insults and vituperation from colleagues.  Remarkably, that has not happened (yet) and I’ve canceled my reservation for the witness protection program.…

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If I’d met him on eHarmony, I wouldn’t have called him back

Economics is all about  individuals, companies, nations parlaying their limited resources into trades that maximize outcomes. At least they think or hope that their trades will have that effect. We’ve talked about some of the underlying concepts in previous posts: Utility is a person’s internal measures of perceived benefit from acquiring something; rationale behavior is needed…

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Mystery Shoppers, Audiology Ethics, and Two-Timing Neutrinos

This week’s post is long because it is a dialog between two, maybe three, people over the past few days:  myself,  a self-anointed Mystery Shopper, and the Mystery Shopper’s friend, Hubert.  See what you think.  Consider how YOU would have responded and send in your corrections/additions/redacts and other commentary to improve my crabby response.  This…

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Irrational? You talkin’ to me?

The market can stay irrational far longer than you or I can remain solvent.  John Maynard Keynes By golly,  the hearing aid market may be a bit irrational right now. “Irrational” in Economic-Speak means that consumers are making choices which are not maximizing their self-interest, probably because said consumers lack sufficient information to make informed…

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