(Phys.org)—The laws of thermodynamics are best known for dealing with energy in the context of physics, but a new study suggests the same concepts could help improve economic growth models by accounting for energy in the ...
Whether we decide to take out that insurance policy, buy Bitcoin, or switch jobs, many economic decisions boil down to a fundamental gamble about how to maximize our wealth over time. How we understand these decisions is ...
General Physics
Dec 2, 2019
11
860
In the wake of the financial crisis, many started questioning different aspects of the economic formalism.
General Physics
Feb 2, 2016
13
3304
By applying the same rules that explain how genomes evolve, Rice University physicists have shown that the world economy is more sensitive to recessionary shocks and recovers more slowly from recessions now than it did 40 ...
General Physics
Oct 18, 2010
56
0
(PhysOrg.com) -- A new Cornell study of online poker seems counterintuitive: The more hands players win, the less money they're likely to collect - especially when it comes to novice players.
Other
Jan 12, 2010
0
0
In a new study published in the Proceedings of the National Academy of Sciences, authors Gabriel Gellner and Kevin McCann from the University of Guelph and SFI External Professor Alan Hastings (UC Davis) invert a classical ...
Ecology
Jul 25, 2023
0
26
A team from the University of Tokyo has combined economic theory with biology to understand how natural systems respond to change. The researchers have published their findings in Physical Review Letters.
Molecular & Computational biology
Jul 13, 2023
0
1
Research work by renowned researchers is rated significantly better than work by lesser-known researchers, despite the same quality. This was the conclusion reached by a team of researchers led by Jürgen Huber from the Department ...
Social Sciences
Oct 10, 2022
0
54
New research measuring resources passed from parents to children shows that current estimates of intergenerational mobility may be substantially overstated.
Social Sciences
Sep 8, 2022
0
65
Why do some young men turn to crime, while others don't? An international study shows that preferences such as risk tolerance, impatience and altruism as well as self-control can predict who will commit crime. Risk-tolerant, ...
Social Sciences
Jan 31, 2022
1
93
