Study analyzes how lies affect economic decisions

Psychology and Economics come together in a recent line of research, led by Ismael Rodríguez-Lara, Professor at the University of Malaga, who studies how lies affect economic decisions.

The psychology of success in data science contest design

In today's data-driven world, holding data science competitions is a popular way to address real-world problems. Companies leverage these competitions to crowdsource solutions and strategically attract potential employees. ...

Unexpected wins in both humans and monkeys increase risk taking

How do humans make decisions when the outcomes are uncertain? One possible way would be to calculate the expected value of each option by multiplying each possible outcome amount by its probability and then choosing the option ...

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