Articles tagged with Economic Decision Making
A new study from RMIT University suggests that environmental awareness alone may not stop people from buying ultra-fast fashion. Shoppers weigh sustainability against price and convenience, using budgets and careful planning to make purchases feel more acceptable. The study identifies two psychological patterns, strategic spontaneity a...
A new economic valuation tool, HAUS, links environmental features to health outcomes and their associated economic costs, supporting healthier urban development choices and reducing disease incidence. The tool has been adopted by local authorities and is being used to make informed investment and planning decisions.
The European Expectations Center examines how households, firms, and financial market participants form expectations about economic developments, influencing economic behavior. The center provides research resources and datasets to improve forecasts and economic policy decisions.
A study by Xi'an Jiaotong-Liverpool University finds women exhibit strong competitiveness for top positions, often winning them more often than men. Despite this, the financial benefits of reaching the top are often offset by the costs of competition.
A study found that people, including retail investors and financial professionals, often have different expectations for stock market returns due to varying mental models. Despite receiving outdated news, many respondents continued to expect higher returns, focusing solely on future profits rather than current share prices.
A new study confirms that oxytocin selectively increases trusting behavior in men with a low disposition to trust, regardless of their trust scores. The hormone's effect persists even after controlling for personality traits, suggesting that oxytocin may intensify the expectation of cooperation and reduce fear of being cheated.
A new study from Carnegie Mellon University and Oxford Saïd Business School found that the entry of ride-hailing platforms drove measurable increases in economic output and intermittent employment. Regional GDP per capita increased, and the number of seasonal, temporary, or intermittent jobs rose after Uber and Lyft entered the region.
A new study led by Lisa Posey found that individuals prioritize avoiding losses and regrets over risk-return strategies in monetary decisions. Women are more likely to make decisions to avoid potential losses than men. The results suggest that understanding these biases is crucial for marketing products effectively or regulating financ...
A Hiroshima University study finds that practical digital skills, positive financial attitudes, and self-protection are more consistently associated with lower old-age anxiety than traditional financial knowledge alone. The study suggests that financial education may need to move beyond knowledge alone in the digital age.
A new study examines how political context influences supply chain decision-making, finding that ideological cues can alter perceptions of both the decision and the decision-maker. Researchers found that even neutral presentations of politically charged issues can activate bias, influencing how recommendations are received.
A Danish study reveals that financial compensation alone is insufficient to persuade landowners to restore low-lying soils as wetlands. The decision-making process is influenced by factors such as responsibility, professional pride, and attachment to the land, highlighting a mismatch between policy design and farmers' actual thoughts.
A study reveals that farmers' moral motivations are equally important as financial interests when adopting organic practices. The research found a strong balance between utilitarian and moral dimensions, highlighting the need for tailored policies to promote sustainable farming practices in Andalusia.
A new study by the University of Exeter reveals that Brazil and Mexico's EV growth has been shaped by factors beyond emissions and efficiency. The research highlights how domestic coalitions, market size, and foreign technology influences have driven policy decisions in both countries.
A review of food waste in Australia's quick service restaurants found order mistakes as the biggest driver of waste, with better staff training crucial for reduction. The study recommends ongoing training and making food waste metrics part of performance evaluations to mitigate back-of-house food waste.
A team of researchers at Bielefeld University has developed a precise mathematical approach to plotting routes through space and time. The new method could help make space missions more efficient and also improve transportation systems on Earth.
A new study published in PLOS Medicine found that sugary drink taxes had no effect on beverage calorie purchases from Taco Bell locations with and without such taxes. The analysis of nearly 7 billion transactions suggests that these policies may not be effective in reducing sugar consumption in fast-food restaurants.
A study published in Nature Communications finds that social capital can significantly reduce the psychological impact of lower income rank, suggesting policies strengthening social connection may be as important as those raising incomes for bolstering wellbeing. The research uses data from over 90,000 people across 109 countries.
A new study found that wealthier nations tend to invest more in private solutions, exacerbating climate change. The research involved over 7,500 participants from 34 countries, who took part in a simulation on how economic resources are allocated to address climate change.
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 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 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 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.
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.
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 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.