Let’s be real: even with the best intentions, AI systems can reflect our own unconscious biases. As Daniel Kahneman and Amos Tversky famously demonstrated in their groundbreaking work on Prospect Theory, humans are prone to cognitive biases that influence our…
REGULATORY
Industry Opposes Deeper CEA Price Cuts for “Cost-Increase” Products
Japan’s pharmaceutical industry has renewed its opposition to expanding downward price adjustments under the cost-effectiveness assessment (CEA) system, voicing a resounding no to calls for deeper cuts on products that received a “cost-increase” judgment. At a November 12 hearing of…
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