Mistakes and rethinking behavioral economics
Behavioral economics is a field that seeks to understand how people make decisions about things they want and need. The field relies on a collection of theories—models—that predict how people will make choices in a variety of situations. A well-k.....»»
"Just old age" or is your dog experiencing a serious clinical issue?
A study from veterinary researchers at the University of Liverpool has shown that dog owners need clearer guidance on which behavioral and physical signs are a normal part of the aging process and which could be indicative of a serious condition......»»
Toyota says $50,000-plus average new-car prices coming this year
Top Toyota Motor North America executives said new-vehicle prices will likely continue to rise, while supply constraints will ease in 2023 as excess demand that was previously sidelined keeps industry economics robust......»»
The global economics of climate action
Climate change has serious consequences for the environment and people and is a major threat to economic stability. A new assessment published in Nature Climate Change reviews innovative, integrated research that underpins the economic case for stron.....»»
As the worm turns: New twists in behavioral association theories
Physicists have developed a dynamical model of animal behavior that may explain some mysteries surrounding associative learning going back to Pavlov's dogs. The Proceedings of the National Academy of Sciences (PNAS) published the findings, based on e.....»»
CIS expands partnership with Akamai to protect state and local governments
Cyberattacks often begin with an unsuspecting user clicking on a link that redirects them to a harmful site containing malware. Even the best employee training won’t prevent every mistake. The best way to stop those mistakes from becoming costl.....»»
When LLMs Collide With Software Development and Economics
Paul Kedrosky and Eric Norlin of SK Ventures wrote an interesting and important essay titled Society’s Technical Debt and Software’s Gutenberg Moment. The abstract follows. I encourage you to read the full essay. There is immense hyperbol.....»»
India: What the economists say about the economy
In order to attract attention, economics would always say we are living on the "edge of unknown." As for the things that we should pay attention to, they include inflation, the threat of war, post-pandemic situations, so on and so forth. They all sou.....»»
The Galaxy Watch 6 may fix one of the Galaxy Watch 5’s biggest mistakes
The Galaxy Watch 5 Pro is a great smartwatch — but the upcoming Galaxy Watch 6 Pro could fix one of its biggest mistakes......»»
Little rewards get people to see truth in politically unfavorable info
Even if you pay conservatives, they're not as good at IDing fake news as liberals. Enlarge (credit: Getty) Piecing together why so many people are willing to share misinformation online is a major focus among behavioral.....»»
Rewarding accuracy gets people to spot more misinformation
Even if you pay conservatives, they're not as good at IDing fake news as liberals. Enlarge (credit: Getty) Piecing together why so many people are willing to share misinformation online is a major focus among behavioral.....»»
If you think you understand how incentives work, think again
How can people be incentivized to drive more fuel-efficient cars, be more innovative at work, and get to the gym on a regular basis? Uri Gneezy, professor of economics and strategy at the Rady School of Management at UC San Diego, explains this in hi.....»»
DuckDuckGo’s new Wikipedia summary bot: “We fully expect it to make mistakes” [Updated]
DuckAssist provides an AI-powered Wikipedia summary, hoping to avoid hallucinations. Enlarge / An AI-generated image of a cyborg duck. (credit: Ars Technica) Not to be left out of the rush to integrate generative AI into.....»»
A structured approach for comparing monetary theories
A research paper in the International Journal of Pluralism and Economics Education has taken a structured approach to comparing monetary theories. In it the team proposes a taxonomy, a classification, for comparing monetary theories based on their pr.....»»
Nvidia’s biggest fails of all time
Nvidia might be a mighty titan in the graphics industry, but it's made some major mistakes over the years. Here are Nvidia's biggest ever fails......»»
Research finds Americans are more receptive to counter-partisan messages than previously thought
Party loyalty and partisan motivation may interfere less with Americans' thinking than previously believed, MIT behavioral researchers Ben M. Tappin, Adam J. Berinsky, and David G. Rand report in new research published in Nature Human Behaviour......»»
Study finds political campaigns may change the choices of voters—but not their policy views
A new paper in The Quarterly Journal of Economics, published by Oxford University Press, measures the overall impact of electoral campaigns and finds that televised debates have little effect on the formation of voter choice. Information received fro.....»»
Investigating factors that affect consumer attitudes about organic food
Researchers, publishing in the International Journal of Green Economics, have investigated the many factors that affect consumer attitudes and buying habits when it comes to organic food products. Mohd Farhan of the Mittal School of Business in Punja.....»»
Bringing verbs into the language of economics
In the last 50 years, economic theory has come to be based almost solely on mathematics. This brings logical precision, but according to a new paper by SFI economist Brian Arthur, it restricts what economics can easily talk about......»»
Financial strain and material deprivation linked to increased child behavioral difficulties
Exposure to financial strain and material deprivation rather than reduced household income are linked to the development of child behavioral difficulties, according to a new study conducted by researchers in the Department of Sociology, Trinity Colle.....»»
Investors also suffer in unregulated competition for freely available resources, study finds
Without regulations for their use, the condition of freely accessible resources such as fish stocks, water or air can deteriorate dramatically. In economics, this is referred to as the "Tragedy of the Commons." In 2009, Elinor Ostrom became the first.....»»