A global study led by a researcher at Columbia University Mailman School of Public Health and published in the journal Scientific Reports finds that economic inequality on a social level cannot be explained by bad choices ...
Social Sciences
Jun 29, 2023
0
1259
A century of economic theory assumed that, given their available options, humans would always make rational decisions. Economists even had a name for this construct: homo economicus, the economic man.
Computer Sciences
Jul 17, 2015
16
4327
A behavioral economist at the University of Bath in the U.K. has found evidence linking higher levels of unwarranted financial optimism with lower levels of cognitive ability. In his study, published in the journal Personality ...
(Phys.org)—A new study done by a team of researchers with business, psychology and economics backgrounds suggests that people who live in poverty tend to make poor long term financial decisions because their economic situation ...
A computational tool developed by researchers at the MIT Joint Program on the Science and Policy of Global Change pinpoints specific counties within the United States that are particularly vulnerable to economic distress ...
Environment
May 15, 2023
0
185
Whether we decide to take out that insurance policy, buy Bitcoin, or switch jobs, many economic decisions boil down to a fundamental gamble about how to maximize our wealth over time. How we understand these decisions is ...
General Physics
Dec 2, 2019
11
860
Using an extensive computer simulation of the climate, the global economy and the global energy system, researchers at Paul Scherrer Institute (PSI) have been analyzing different ways of mitigating climate change, together ...
Environment
Jun 30, 2023
5
81
Hamilton's rule—the mathematical relation quantifying the idea that genetically related subjects are more likely to help each other, even at the expense of their own survival—has been observed in many animal species, ...
Economics & Business
Jul 11, 2022
0
535
An economic decision-making involves weighing up differently beneficial alternatives to maximise profits. This sometimes requires foregoing one's desire for immediate rewards. Not only does one have to control one's own impulses, ...
Plants & Animals
Aug 22, 2018
0
234
Inequality among people has become an increasingly salient issue globally, with data indicating a rise in inequality levels across many countries in recent years. This, in turn, has generated concerns both from the perspective ...
Social Sciences
Feb 26, 2024
0
29
