Famous economics experiment reproduced thousands of times

In an open marketplace, such as a farmers' market where produce and other goods like candles and flowers are exchanged for money, the ideal prices for both consumers and sellers will quickly emerge. For example, if a seller ...

Study finds 94% of business spreadsheets have critical errors

A recent study has found that 94% of spreadsheets used in business decision-making contain errors, posing serious risks for financial losses and operational mistakes. This finding highlights the need for better quality assurance ...

Unhappy at work? The boss or the company may be to blame

If you are unhappy at work, it could be partly due to your boss' management style, according to a new study by Dr. Nicolas Gillet, from the Université François Rabelais in Tours in France, and his team. Both over-controlling ...

ChatGPT is still no match for humans when it comes to accounting

Last month, OpenAI launched its newest AI chatbot product, GPT-4. According to the folks at OpenAI, the bot, which uses machine learning to generate natural language text, passed the bar exam with a score in the 90th percentile, ...

Study explores what really makes a movie successful

At more than $20 for a Saturday night movie ticket moviegoers don't want to pick a dud. Now, new research on movie marketing reveals how to pick a winner – both for customers and movie makers.

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