Researchers at the University of Michigan found that bluffing can be a profitable strategy in prediction markets, which can cloud their accuracy. To combat this, the researchers propose penalizing later trades by charging participants to make them.
Ben-Gurion University of the Negev researchers have developed a hand gesture recognition system that enables doctors to manipulate digital images during surgeries by motioning instead of touching screens. This system reduces sterility risks and prevents the spread of infection, which is particularly important in hospital operating rooms.
A new bus scheduling algorithm, developed by a University of Southern California engineer, aims to reduce waiting times and improve transit reliability. The algorithm analyzes the impact of slack time on buses and finds that building in between 15 and 20 percent slack time is optimal, depending on total round trip travel time.
Researchers at Princeton University developed an algorithm to optimally assign funding proposals to reviewers, resolving a long-standing issue for the National Science Foundation. The solution has broad applications in scheduling interns, deploying combat units, and assigning teachers to classes.
A study found that when doctors spend at least 10 minutes with patients, inquire about immunizations before exams, have four staff members, and hold down waiting room time, over 90% of patients are properly vaccinated. Critical path analysis revealed the full sequence of events was more powerful than individual activities.