Heads or tails? It all depends on some key variables

Everyone knows the flip of a coin is a 50-50 proposition. Only it's not. You can beat the odds. So says a three-person team of Stanford and UC-Santa Cruz researchers. They produced a provocative study that turns conventional ...

Study finds people are more satisfied after quitting the status quo

A new paper in The Review of Economic Studies, published by Oxford University Press, finds that people who use a coin toss to decide on an important change are more likely to follow through with that decision, are more satisfied ...