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Almost from the get-go, however, Coartem's high $2.40-a-dose price tag was criticized by public-health officials and activists. Dr. Daniel Vasella, CEO of Novartis, says the company realized it was pointless to try to sell a medication to people who couldn't afford it. So in 2001 the company signed an agreement with the World Health Organization to bring the price down to $1 per dose, or just about the cost of making it. Then the drugmaker went one step further, slashing that price again, to 80 cents - in other words, taking a 20% loss. Meanwhile...
...things. We make dumb choices all the time on the basis of silly information like racial bias or a misunderstanding of statistics - or dreams. Morewedge and Norton quote one of the most famous modern studies to demonstrate our collective folly, from a paper written by psychologists Amos Tversky and Daniel Kahneman that was published in Science in 1974. In that paper, Tversky and Kahneman discuss an experiment in which subjects were asked to estimate the percentage of African countries represented in the U.N. Before they guessed, a researcher spun a wheel of fortune in front of them that landed...
...Staff writer Daniel C. Carroll can be reached at carroll@fas.harvard.edu...
While most of the development is still to get under way, a clutch of Casco cafés, hotels and cultural sites have already had their makeovers. The most eye-catching is the Canal House Hotel (www.canalhousepanama.com), an elegantly renovated late 19th century mansion where actor Daniel Craig stayed during the three-month Bond shoot. The hotel's three guest rooms are named after the Canal's massive locks - Miraflores, Pedro Miguel and Gatun - and each has a wrought-iron balcony with views of the Casco's Cathedral Plaza and surrounding red-tiled roofs and cobblestone alleyways...
...Staff writer Daniel C. Carroll can be reached at carroll@fas.harvard.edu...