Monkeys choose variety for variety's sake

Given a choice between spending a token to get their absolute favorite food or spending it to have a choice from a buffet of options, capuchin monkeys will opt for variety.

Are socialists happier than capitalists?

Driven by a decline in satisfaction with work life and family life, overall well-being initially plummeted in countries directly affected by the fall of the Iron Curtain, reveals an important new study.

People in financial distress behave more morally, says study

A new study conducted at Reichman University, in collaboration with Aarhus University in Denmark, challenges the negative stereotypes associated with individuals facing economic hardship. The study, led by Prof. Guy Hochman ...

Study: Consumption-tracking technology mixed bag for consumers

Penalty fees for consumers are prevalent in many service industries such as banking and cellular phone service, accounting for billions of dollars in "junk fees" that annually eat away at consumers' wallets like termites.

Unexpected outcomes: Digital nudges in online teamwork

The dramatic expansion of Internet communication tools has led to increases in temporary online groups that solve problems, provide services, or produce new knowledge. But many of these groups struggle to collaborate effectively.

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. ...

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