Psychology influences markets, research confirms

When it comes to economics versus psychology, score one for psychology. Economists argue that markets usually reflect rational behavior—that is, the dominant players in a market, such as the hedge-fund managers who make ...

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 ...

Default options facilitate faster carbon offsetting in air travel

The defaults on a carbon offsetting website can cause a large percentage of customers to select faster CO2 compensation, even if this entails higher costs. In cooperation with a web portal offering carbon offsetting, a research ...

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