The 'Mississippi Bubble' and the complex history of Haiti

Many things account for Haiti's modern troubles. A good perspective on them comes from going back in time to 1715 or so—and grappling with a far-flung narrative involving the French monarchy, a financial speculator named ...

Consumers don't always equate higher prices with quality

(PhysOrg.com) -- A new Cornell study finds that while higher prices may generate a more positive view of products, a higher price tag doesn't mean consumers will necessarily buy them.

Why expensive wine appears to taste better

Price labels influence our liking of wine: The same wine tastes better to participants when it is labeled with a higher price tag. Scientists from the INSEAD Business School and the University of Bonn have discovered that ...

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