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UrduA new paper in the Quarterly Journal of Economics, published by Oxford University Press, finds that a new form of digital technology—essentially preventing people from using an asset for which they have a loan if they don’t make payments, rather than repossessing the asset itself—may be a better way for lenders to secure loans, particularly for loan recipients in developing countries.
Tag: Behavioral Economics
No magic number for time it takes to form habits
The study is the first to use machine learning tools to study habit formation. The researchers employed machine learning to analyze large data sets of tens of thousands of people who were either swiping their badges to enter their gym or washing their hands during hospital shifts.
Does more money correlate with greater happiness?
Are people who earn more money happier in daily life? Though it seems like a straightforward question, research had previously returned contradictory findings, leaving uncertainty about its answer.
Netflix password sharing outrage can be explained by behavioral economics, says expert
By the end of March, Netflix plans to crack down on password sharing for U.S. subscribers. This announcement has been met by surprise, outrage, and confusion as consumers ponder how their Netflix accounts will be affected. Jadrian Wooten, a professor of economics at Virginia Tech, provides his perspective on the issue.
Study suggests one solution to America’s opioid epidemic: Tell doctors their patients fatally overdosed
There are no simple solutions to America’s deadly overdose epidemic, which costs 100,000 lives each year and is erasing gains in life expectancy.
Global distributive justice and systemic transformations key to planetary stability, study finds
In a new study published in the journal Nature Sustainability, an international team of scientists from the Earth Commission, convened by Future Earth, investigates the Earth system impacts of escaping poverty and achieving a dignified life for all.
Brain’s Sensitivity to Different Types of Regret May Impact Mood Disorders Like Depression, Mount Sinai Researchers Find
Researchers from the Icahn School of Medicine at Mount Sinai have learned that the way the brain processes the complex emotion of regret may be linked to an individual’s ability to cope with stress, and altered in psychiatric disorders like depression.
Female Managers Pay Fairer
There are two levels of reference for the elementary question of an appropriate remuneration of work: the markets with their structure of supply, demand, and productivity as well as the needs of the employees. Operationally decisive, however, is also what managers are guided by when assessing wages. A study recently published in PLOS ONE by researchers at the Karlsruhe Institute of Technology (KIT) provides new insights into this issue.
New Theory of Decision-Making Seeks To Explain Why Humans Don’t Make Optimal Choices
A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal.
Sin Taxes Could Unintentionally Make Others Pay
When an excise tax hike was levied on cigarettes, New York City taxi drivers who smoked were one and a half times more likely to cheat their customers by overcharging the fare than those who didn’t smoke. That finding comes from forthcoming research in Accounting, Organizations, and Society.
COVID-19’s effect on Halloween is more trick than treat
Let’s not sugarcoat it: the coronavirus (COVID-19) is hurting our holidays, even if it is, possibly, helping our teeth. A new University of Delaware study shows 42% of American households plan to consume less candy this year, and trick-or-treating could be down 41%.
Which Comes First: The Heavy Drinking Young Adult or the Alcohol-Saturated Social Culture?
Heavy-drinking peer groups increase young adults’ desire to drink, according to a study in Alcoholism: Clinical and Experimental Research. Investigators used behavioral economic theory — the science of how people make choices — to assess motivations for consuming alcohol among a diverse sample of young adult drinkers. Young adults’ motivation to drink alcohol, as well as their likelihood of misusing it, is associated with how it is consumed within their social networks. But it is not well understood how these factors influence each other, and how those effects may vary depending on sex, race, and education level. For example, does the culture of heavy drinking in US colleges drive the high demand for alcohol there, or is alcohol demand high among young adults generally?
Financial Incentives Boost Doctor Training in Opioid Treatment Medication
Offering $750 to emergency medicine physicians exponentially increased those trained to prescribe buprenorphine.