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Richard Thaler wins Nobel for work in behavioral economics

The Nobel prize in economics was awarded Monday to Richard Thaler of the University of Chicago for research showing how people's choices on economic matters—whether on savings or game shows like "Deal or No Deal"—are ...

Physics in Brazil takes center stage as World Cup comes to town

As Brazil gets set to host the 2014 FIFA World Cup this month amid concerns about the amount of public money being used to stage the world's largest sporting event, Physics World's editorial team reveals in a new special ...

Paper money worldwide contains bisphenol A

The cash register receipts that people place near paper money in billfolds, purses, and pockets has led to a worldwide contamination of paper money with bisphenol A (BPA) — a potentially toxic substance found in some ...

Shame about poverty often increases poverty

Shame is more common among people who have financial difficulties and is often accompanied by behavior that actually can perpetuate poverty. For example, money is spent on status symbols instead of basic necessities, and ...

People don't put a high value on climate protection

(Phys.org) —People are bad at getting a grip on collective risks. Climate change is a good example of this: the annual climate summits have so far not led to specific measures. The reason for this is that people attach ...

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