Articles tagged with Economic Decision Making
Research supports a nuanced view of IMF reforms, finding them welcome in autocracies but contentious in democracies. The study suggests IMF programs can align national economic policy with domestic preferences, with implications for global economic governance.
A recent study published in Nature Energy found that switching to a new battery technology does not automatically open the door to new market players due to established companies' structural advantages. The researchers analyzed over 15,000 patents and found significant knowledge transfer between lithium-ion and sodium-ion batteries.
A new study reveals that around one-third of all newly written software functions in the United States are already being created with AI support, with productivity gains mainly driven by experienced developers. The study found wide regional gaps, with the US leading at 29% AI-assisted code, while China and Russia lag behind.
A new study from the Universities of Bath and Waterloo finds that people are more emotionally affected by anticipating negative future outcomes than positive ones, shaping economic behaviour. Individuals with stronger negative anticipatory emotions are more likely to avoid risk and less willing to wait for delayed outcomes.
A new Japanese study uses a two-country model to investigate the impact of tariff policies on economic growth outcomes across countries. The researchers found that similar trade policies can lead to very different growth outcomes across countries, depending on a country's existing industrial structure.
The suspension of the Foreign Corrupt Practices Act generated record gains for companies involved in overseas corruption cases. Companies that had been subject to investigations or sanctions under the FCPA collectively gained around $39 billion, with individual companies recording increases in market capitalization of billions of dollars.
Research highlights the importance of owner individual resilience and entrepreneurial orientation in driving organisational resilience in small independent retailers. The study reveals that these factors enhance innovation and business performance, leading to improved adaptability and responsiveness to market changes.
The ESMT Berlin study analyzed 90 studies with over 16,000 participants to conclude that those who make the first offer and come well-prepared tend to achieve better outcomes. Higher first offers often lead to better final outcomes, but there are limits to this approach, particularly when demands are very high or unrealistic.
A new study estimates climate change has reduced US income by 12%, with economic impacts felt nationwide due to regional trade connections. The research uses a novel approach to measure climate change's current economic force, providing insights for businesses and policymakers.
A recent study from the University of Eastern Finland found that buying second-hand gifts involves a deliberate decision-making process, often driven by eco-friendly values. The study suggests that consumers tend to deliberate more when buying second-hand furniture or clothing, but less for items like books.
Researchers argue that taxing housing purchases during economic booms and providing temporary subsidies on housing during recessions could help prevent the next housing crisis. The study found that this approach can lift house prices exactly when the system is at greatest risk, preventing fire sales and severe price collapses.
Researchers found that companies spacing out their acquisitions with longer intervals are rewarded by investors with higher stock values. Slowing down the pace allows top executives to better absorb lessons from earlier deals, integrate new employees and assets more effectively, and refine internal processes.
Researchers found that providing information on the benefits of public goods increases support for higher taxation, with effects observed across income levels and political stances. The study suggests that investment in public goods can act as a 'political foundation' to enhance citizens' support for government and enable redistribution.
Research finds that fixed bonuses are more effective in abundant labor markets, while contingent bonuses are better suited for tight labor markets. However, both strategies have downsides, including reduced worker pay and operational inefficiency. This study sheds light on the complexities of bonus competition in the gig economy.
A new study reveals that labelling clothes with a breakdown of the cost per wear (CPW) can help consumers recognize the long-term value of durable garments and discourage overconsumption of fast fashion. The research found that CPW increased preference for high-quality clothing, even when the upfront price was higher.
A new study found that safety-related reviews on Airbnb can reduce bookings and lower nightly prices, with a significant impact from personal experiences. The study suggests increasing transparency to balance financial incentives with customer welfare, providing the greatest long-term benefits.
A food tax shift could reduce premature deaths and disease by 700 annually and 700,000 tonnes of carbon dioxide emissions in Sweden. The study shows that selective taxes on unhealthy foods can lead to healthier diets without increasing the average price of groceries.
A large-scale study examining the impact of testosterone on economic decision-making has found no significant effects. The study, which involved 1,000 men, used a double-blind trial to test the influence of testosterone on risk-taking, generosity, and competitiveness.
A new UTEP study found that postseason NFL officiating from 2015-2023 consistently favored the Kansas City Chiefs, coinciding with their rise as a marketable franchise. This phenomenon, known as regulatory capture, suggests that financial incentives can subtly shape rule enforcement.
A study published in Social Science & Medicine found that people's theoretical willingness to accept money in exchange for enduring pain offers a more reliable way to measure discomfort than conventional measures. The research involved over 300 participants who were exposed to mild painful stimuli and asked to rate the intensity or ind...
A new Stanford University study finds that most US households (60%) can reduce their electricity costs by 15% and weather local or regional blackouts with solar-battery systems. The systems would meet about half of the household's electricity needs on average, allowing them to save money or see no rise in costs.
A study by Florian Zach found that Colorado hotels increased average monthly revenue by 25% between 2014 and 2019, primarily due to higher room bookings and daily rates. Hotels closer to dispensaries, newer and more upscale, and in high-demand areas saw the greatest benefits from dispensary legalization.
Rebecca Schaumberg joins ESMT Berlin's faculty, bringing research on self-conscious emotions and their impact on decision-making and leadership processes. Her teaching expertise includes negotiation and will contribute to the school's master's programs.
A new study by Pusan National University researchers found that middle- and upper-income households in South Korea are disproportionately affected by inflation, challenging conventional views. The study suggests that policy responses need to evolve to address the unique needs of different household types.
A study from Cornell University reveals that the desire for souvenirs increases as a meaningful experience comes to an end, particularly due to feelings of sadness. This emotional timing explains why souvenir shops do well during closing times or at season's end.
A new study by Ramesh Rao and colleagues found that subjective financial knowledge (SFK) has a significant impact on retirement readiness. People with higher levels of SFK are more likely to feel confident about their retirement savings.
A study found that CEOs with Machiavellian personalities, characterized by self-interest and manipulation, earn significantly more than their counterparts. These leaders often secure higher pay through negotiation skills, benefiting both the company and themselves.
A new study from the University of Notre Dame finds that returnless returns can increase brand support by up to 25%. The strategy involves allowing customers to keep returned items and receive a refund, rather than processing returns. This approach fosters goodwill and customer loyalty.
Australians waste 7.6 million tonnes of food annually, with poor label design and inconsistent packaging being key reasons for this problem. Clearer date labels and storage advice could drastically reduce edible food waste.
A new study reveals that fatal school shootings have far-reaching consequences, altering daily life and disrupting economies in affected communities for months. Anxiety about public safety drives a measurable decline in consumer activity, particularly in grocery stores and restaurants.
A study by Waseda University finds that competing corporate coalitions within boards impact a firm's spending decisions once profitability targets are met. Firms with stronger state-endorsement coalitions allocate more resources to social causes, while those with shareholder-value coalitions prioritize dividend payments.
A new study at Ohio State University found that young consumers who shop online and experience fear of missing out (FOMO) tend to feel lower levels of social, psychological, and financial well-being. However, having a stronger attachment to a social media influencer is linked to improved feelings of well-being in those areas. The study...
The São Paulo School of Advanced Science on Ocean Literacy is open to graduate students, postdoctoral researchers and professionals interested in ocean science and sustainability. The school will bring together experts and participants for a transdisciplinary discussion on the UN Ocean Decade's Vision 2030 ambitions.
A decade-long study of snowsport instructors reveals that pursuing a career in a field you enjoy can be taxing, requiring financial, mental, and physical sacrifices. However, the research also found that participants reported experiencing significant personal growth and fulfillment.
A recent study found that environmental awareness is the most decisive factor in choosing an electric car, outweighing concerns about cost and performance. The research, conducted by the University of Córdoba, suggests that governments and companies can promote adoption by emphasizing sustainability and improving charging infrastructure.
New research from Washington State University finds that customers are more resistant to sales pitches in private settings than public ones. Increasing physical distance between salesperson and customer can reduce feelings of reactance and improve engagement.
A study by Complexity Science Hub found that in 7.54% of DAOs, a single contributor controlled decisions due to concentrated governance tokens. This raises concerns about the true level of democracy in these organizations, which aim to distribute power and promote fairness and transparency.
A new report examines the long-term impact of coal industry loss on UK communities, finding entrenched inequalities and poverty. Researchers call for a 'just transition' with investment in public services, securing employment rights, and quality jobs to address social inclusion.
A new study by Virginia Tech researchers Jin Xu and Pengfei Ye finds that value-based stock grants can weaken executive motivation and limit corporate growth. The study analyzed thousands of U.S. firms from 2006-22, revealing that companies tying CEO compensation to a fixed dollar amount can unintentionally discourage executives from m...
The journal will publish research exploring digital health and advance care planning for older adults, including caregiver integration and technological innovation support. JMIR Aging boasts a strong impact in the field, with a Journal Impact Factor of 5.0 and a CiteScore of 6.5.
The study finds that the current transplant system is a net positive for patients, producing an additional 9.29 life-years from transplantation. However, the optimal structure of the matching system could potentially raise this figure to as high as 14.08 life-years.
The USA Center for Rural Public Health Preparedness is leading a four-year project to identify and overcome obstacles in adopting the latest trauma triage guidelines. The goal is to produce guidelines that are equally useful and relevant for anyone, whether they are in urban or rural areas.
A new study from the University of Illinois examines how food manufacturers navigate different state regulations, revealing four response options: updating products, maintaining separate versions, removing from stricter markets, or ignoring regulations. The researchers found that firms choose their responses based on factors like cost ...
A recent study published in Marketing Science found that 95% of influencer posts on Twitter were not disclosed, with undisclosed posts often associated with young brands and large social media followings. The study highlights a potential need for further regulatory scrutiny to ensure transparency in influencer marketing.
A recent study from the University of Vaasa found that SMEs' ability to innovate is strongly tied to the learning and decision-making skills of their CEOs. The research identified three key managerial mechanisms: learning, reflection, and alignment, which play a significant role in driving innovation.
A new UNLV study reveals that CEOs' use of language and format in communicating future plans can shape investor judgments. Written messages are more effective in conveying likelihood, whereas video or audio diminishes the impact.
Experts from 22 research institutes evaluate optical technologies in photovoltaics to increase efficiency and enable new applications. Coloured solar modules for facades are identified as a promising innovation.
The University of Texas at Arlington has contributed 23 patents to UT System's total of 234, increasing by 15% over 2023. This recognition showcases the university's role in translating research into daily innovations.
A new study from Aalto University found that global population datasets may underestimate rural populations by as much as 53% to 84%, revealing a systematic and profound extent of the bias. The findings have far-reaching consequences, suggesting that the needs of people living in rural areas have been under-represented in decision-maki...
A new Brazilian technology developed by brain4care has been shown to measure absolute values of intracranial pressure (ICP) more accurately than existing non-invasive methods. The technology analyzes ICP's morphology and trend, allowing for early detection of neurological changes and enabling doctors to intervene quickly and accurately.
Experts propose evidence-based work design to mitigate administrative harms and improve patient safety, quality of care, and workforce well-being. The new framework aims to integrate short-term financial metrics with long-term outcomes, sparking a transformation in organizational decision-making.
A study by Frontiers found that cultural dimensions influence price endings, with individualistic cultures preferring round prices, uncertain cultures choosing just-below prices, and long-term oriented cultures opting for precise prices. These findings have implications for retailers operating in global markets.
A recent study on the governance of public policy in the Brazilian state of Amazonas recommends an experimentalist governance system that integrates local efforts and values traditional knowledge. The approach prioritizes the conservation of ecosystems while promoting socio-economic development and attracting investment to the region.
The UK's top earners contribute disproportionately to carbon emissions, yet they can drive systemic change through their purchasing power and influence. Wealthy individuals are more likely to adopt green technologies, but their lifestyles remain high-emission due to frequent flying and luxury consumption.
A new study reveals generative AI tools like ChatGPT are slashing employment opportunities and pay for workers across all skill levels. Top freelancers with the strongest track records are experiencing significant setbacks, including job losses and reduced income.
A study by the University of Exeter finds that Lebanon's dual education system exacerbates social inequalities, with parents favoring private schools over public ones. The economic crisis has led to reduced government funding, causing school days to be shortened and curricula to be rushed.
A study by Norwegian University of Science and Technology's Business School suggests that major sports events often cost more than expected due to underestimation of costs. Researchers propose spreading events across multiple facilities to avoid new construction and reduce waste.
Researchers at Virginia Tech's Fralin Biomedical Research Institute found that practicing episodic future thinking reduced impulsivity and enhanced brain connectivity in key regions. The study suggests that this approach may be a valuable early intervention therapy for substance use disorders.
A Cornell University study found that people who go against their better judgment feel greater feelings of control and culpalibility, even if they received input from an adviser. This effect may extend beyond small decisions to major life choices.
The Finnish Institute for Health and Welfare has published a governance model for the wellbeing economy, which aims to balance social, economic, and ecological sustainability in national-level decision-making. The model proposes using citizens' consultation processes and long-term wellbeing targets to guide government programs.