New experiments challenge economic game assumptions
Too much confidence is placed in economic games, according to research by academics at Oxford University.
Too much confidence is placed in economic games, according to research by academics at Oxford University.
Social Sciences
Jan 21, 2016
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(Phys.org)—A team of researchers at Yale University has conducted an online virtual experiment designed to better understand behavior patterns among people in a society as it relates to wealth inequality. In their paper ...
Facebook announced Tuesday it was launching a system to send money to friends for US customers using its Messenger mobile app.
Internet
Mar 17, 2015
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191
Economic 'games' routinely used in the lab to probe people's preferences and thoughts find that humans are uniquely altruistic, sacrificing money to benefit strangers. A new study published in the journal Proceedings of the ...
Social Sciences
Jan 16, 2015
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Many manufacturers are at an early stage of discovering the benefits of 3D printing, but one of the clearest strengths is customization.
Engineering
Nov 9, 2014
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From water marks to colored threads, governments are constantly adding new features to paper money to stay one step ahead of counterfeiters. Now a longhorn beetle has inspired yet another way to foil cash fraud, as well as ...
Nanomaterials
Nov 5, 2014
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(Phys.org) —A trio of researchers with the University of California has found that rephrasing donation requests to avoid the problem of overhead aversion can result in a bump in donations. In their paper published in the ...
(AP)—French economist Jean Tirole won the Nobel prize for economics Monday for research on market regulation that has helped policymakers understand how to deal with industries dominated by a few companies.
Other
Oct 13, 2014
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Criminals are smuggling an estimated $30 billion in U.S. currency into Mexico each year from the United States, but help could be on the way for border guards, researchers will report here today. The answer to the problem: ...
Analytical Chemistry
Aug 12, 2014
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(AP)—NASA does not have enough money to get its new, $12 billion rocket system off the ground by the end of 2017 as planned, federal auditors say.
Space Exploration
Jul 24, 2014
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