Articles tagged with Economic Decision Making
A study found that over 60% of participants preferred AI decision-making over humans in redistributing earnings, despite potential discrimination concerns. However, participants were less satisfied with the fairness and accuracy of AI decisions compared to human-made choices.
A comprehensive report by the American Statistical Association highlights concerns about the federal statistical system's future, citing weaknesses in core supports and outdated methodology. The report recommends 15 specific measures to modernize the system and ensure timely, accurate data.
A study by Ritsumeikan University researchers found that emphasizing the cost-effectiveness of menstrual cups can increase their adoption. Tailored information efforts highlighting long-term financial benefits can play a crucial role in promoting sustainable options.
A new study suggests taxing certain antibiotics could help manage the threat of antibiotic resistance in humans. By making narrow-spectrum drugs cheaper and broad-spectrum ones more expensive, GPs may be incentivized to prescribe narrower options.
A study found that pay-for-performance incentives increased home dialysis use and kidney transplant rates. The End-Stage Renal Disease Treatment Choices model did not associate these outcomes with changes in racial or socioeconomic disparities.
A recent study by Prof. Martin Bichler suggests that dividing Germany into several price zones may not reduce total power costs as expected. In contrast, nodal pricing shows promise in reducing costs by up to 9% due to efficient resource allocation and reduced re-dispatch measures.
Researchers developed low-cost, real-time sensors that can monitor nitrate in soil, enabling farmers to make informed decisions on fertilizer usage. The sensors have been tested in various soil types and showed accurate results.
A Japanese online survey experiment examines how public confidence in the military is affected by civilian control during an armed conflict. Participants showed significant loss of trust in the military when it deviated from civilian control, but not significantly when the legislature was involved.
A study found that smallholder farmers in Tanzania used more fertilizer and had higher crop yields after an intervention, but the benefits did not last. The researchers attribute the lack of long-term adoption to liquidity constraints and structural factors such as fertilizer availability.
New research from Lehigh University and other institutions found that consumers are willing to pay up to 10% more for goods and services produced with high production enjoyment. Sellers can capitalize on this cue by pricing their products at a slight premium, according to associate professor Danny Zane.
Texas A&M University has received a $1.5 million grant from the Environmental Protection Agency to develop a technology capable of separating hydrofluorocarbons (HFCs) in two ways: designing and testing a separation technology, and incorporating machine learning-based data-driven decision frameworks for reverse logistics.
A new study by IIASA researchers highlights the benefits of transboundary cooperation in the Lancang-Mekong River Basin, which could maximize economic benefits while minimizing environmental losses. Full cooperation is recommended as a more beneficial and stable option for riparian countries, especially under changing climate conditions.
Researchers at Texas A&M University have developed a more accurate method for tracking reservoir evaporation rates, accounting for factors not considered by current methods. The new algorithm reveals a clear geographic distribution and strong seasonality of evaporation throughout Texas.
A new global study found that cities with more climate-related health issues were more likely to maintain climate action despite funding shortfalls. Cities in the Global South exhibited higher ambition in climate action and promoted green recovery efforts compared to European and North American cities.
A study on Oregon's state-run retirement savings program found significant benefits for previously uncovered private workers and lower-income, single, older workers. The analysis revealed a 12% increase in Individual Retirement Account ownership among Oregon workers after the program's roll-out.
A study by ECU's Professor Pi-Shen Seet and Associate Professor Wee-Liang Tan found that positive family events have a greater influence on the survival of new ventures, leading to overconfidence and poor decision-making. This can increase vulnerability to making mistakes that harm the venture.
International agreements like Sustainable Development Goals represent wide support for a sustainable future. However, disagreements on how to achieve this lead to marginalization and inaction. Researchers found that competing approaches prioritize different values of nature, making compromise difficult.
A recent study analyzed 53 peer-reviewed Life Cycle Assessment studies and found that conventional plastics are not always the least environmentally friendly choice. Bioplastics emerge as a viable alternative for climate change and fossil resource depletion, but other environmental impact categories show some disadvantages. The analysi...
A study published in PLOS Biology found that stressed participants were more likely to help the victim than punish the perpetrator in a simulated third-party intervention task. The researchers observed higher brain activation in regions linked to decision-making and mentalizing when stressed participants chose to help.
A study evaluates 14 carbon dioxide removal (CDR) measures in Germany, finding ecosystem-based methods like reforestation and seagrass restoration to be low-hurdle options. However, measures like bioenergy with carbon capture storage face significant economic and institutional hurdles.
Graduates with AI knowledge are more likely to receive job interviews and better pay, according to a new study published in Oxford Economic Papers. Researchers found that applicants with AI capital were 54% more likely to get an interview invitation than those without, while larger firms valued AI skills even more.
A new study analyzed 31 previous studies on global health programs to find common themes in public health success. The researchers identified eight key drivers, including efficient data systems, effective leadership, and women's empowerment, that contributed to exceptional outcomes.
A new study led by ORNL provides valuable insights into vegetation resilience in response to extreme heat events, informing pathways for climate mitigation. The analysis found that impervious surfaces, moisture conditions, and type of land cover affect vegetation resilience, with preservation and enhancement of vegetation contributing ...
A new study suggests that renewable-scarce countries like parts of the EU, Japan, and South Korea could save between 18 to 38 percent in production costs by relocating their industrial production to countries with cheap renewable energy. The study's lead author argues that importing hydrogen via ship is not a cost-effective strategy fo...
A team of researchers has developed a novel approach using game theory to maximize Wi-Fi performance by optimizing user positions. By analyzing the incentives for all users, their potential game model condenses the impact of new users and inter-user interference into a single function.
A new study suggests that ammonia could be a smart and energy-efficient fuel in the race to achieve net zero in shipping. The NTNU researchers' model shows that IMO's ambitions have a strong impact on shipowners' choice of propulsion systems.
Researchers observed a significant increase in permanent contraception procedures for young adults following the Dobbs decision, with females being disproportionately affected. The study highlights the gendered dynamics of permanent contraceptive use and its implications for women and people with reproductive capacity.
A new prediction strategy helps investors forecast myopic marketing spending up to a year in advance, allowing for portfolio optimization and improved returns. The study found that using this method yields additional 6.44% returns over four years, compared to existing methods.
A new American Heart Association Scientific Statement highlights the importance of patient-centered care in cardiovascular health, combining expert knowledge with consideration of patients' beliefs, preferences, and values. The statement provides practical guidance on incorporating person-centered care into routine clinical practice.
A new Deep Learning model based on the Transformer architecture has been developed to predict water and energy demands in agriculture. The model forecasts daily demand for irrigation water seven days in advance with an error margin of less than 2%, enabling effective resource management without autonomy loss.
A survey found that social media use significantly increases patient empowerment and informed decision-making in plastic surgery. Patients who used social media to gather information scored higher on key categories of the Cyber Info-Decisional Empowerment Scale.
A new study by North Carolina State University found that smart utility meters can improve energy efficiency in manufacturing, but only if managers actively use the technology. The research used event system theory to understand the impact of proactive changes on business outcomes.
A study by MIT scholars finds that workers in lower-paying firms are highly susceptible to underestimating wages at other companies. Providing correct information about salaries can increase the likelihood of workers leaving their current jobs and improve wages.
A study found that companies with top management from Shiga Prefecture exhibited better environmental, social, and governance (ESG) performances. The Sanpo-yoshi values promoted inclusivity and elevated ESG metrics, suggesting a global standard for responsible business practices.
A new study predicts that climate change will lead to a significant reduction in natural snow cover days globally, with popular ski hubs moving to remote areas. The European Alps, Australian Alps, and Japanese Alps are expected to experience the most decline, threatening local livelihoods and ecosystems.
A recent study by the University of Bonn and TU Munich found that banners with information on animal welfare had no effect on purchasing decisions in a virtual supermarket. Researchers invited test subjects to shop in a simulated environment, but even prominent labeling did not change buying behavior.
A study estimates that global ecosystems provide USD 112-197 trillion to the economy, with forests and wetlands accounting for nearly 80% of this value. Strong synergies are found among oxygen release, climate regulation, and carbon sequestration services, while trade-offs occur between flood regulation and other services.
A new study published in Frontiers in Public Health assesses the risks of global population growth on ecosystems and human societies. The experts argue that empowering women to make choices about their fertility is crucial but not enough, highlighting the need for policies addressing child health, food security, and climate change.
New Flinders University research reveals that health economists can play a key role in improving hospital efficiency and decision-making in Australia. By analyzing data and engaging with clinicians, health economists can inform budget decisions and prioritize areas of greatest improvement. The study's findings provide a basis for the b...
A study published in PLOS ONE found that EU countries have made progress towards achieving the 2030 sustainable energy goal, but some countries still have a long way to go. Malta made the greatest progress, while Bulgaria is furthest from meeting its targets.
A recent study found that quality-based incentives increase the quality of medical treatment, particularly for severe illnesses. However, financial incentives do not necessarily lead to better patient outcomes. The study's results suggest that doctors' altruistic motivations play a crucial role in providing high-quality care.
Researchers found that personal lies result in lower rates of deception due to moral costs, while non-personal information leads to higher lying rates. This study contributes to understanding the complex relationship between morality and economic behavior.
In a setup resembling a trust game, participants exchanged large amounts with anonymous members of their own community but little with members of other communities. The researchers found that repeated interactions alone cannot explain the evolution of human cooperation and that group competition also weakens overall cooperation.
A new study found that genetic factors contribute around 33% to the variation in levels of trust among individuals, while life circumstances such as age, health, and relationship status also increase trust. The research used twin studies to disentangle genetic and environmental influences on trust.
A study by the Universities of Göttingen and Bonn found that reducing effort required to opt out of nudged options and increasing transparency of the nudge significantly improved public support for these interventions. The perception of upholding free choice and effectiveness were key drivers of acceptance.
A new study published in Socio-Economic Review found that introducing competition between upper secondary schools in Sweden required nearly a decade of reorganisation, training, and changes in admission rules. The study highlights the significant costs and disruption involved in establishing competition, contrary to previous assumptions.
A study suggests that promoting prosocial preferences in smallholder farming communities can minimize economic losses from extreme weather events. By diversifying risk transfer mechanisms and implementing formal insurance, communities can shield farmers from individual risks while protecting against collective-scale volatility.
A new study from the University of Delaware and Yale University aims to improve cost estimates for reducing greenhouse gas emissions by understanding the underlying frictions that prevent people from adopting newer, greener technologies. The researchers focus on the social sciences to better understand these negative costs.
A Chinese Medical Journal study examined the spatiotemporal features of disease burden due to air pollution across China between 2005 and 2017. The findings revealed a downward trend in premature mortality from fine particulate matter (PM2.5) and ozone (O3) pollution, but an increasing financial burden due to economic growth.
Researchers developed a luminescent material that reveals concrete deterioration when exposed to ultraviolet light. The material's color change indicates the amount of carbonate absorbed, allowing for real-time detection of degradation.
A study published in Perspectives in Ecology and Conservation proposes a novel methodology for projecting native tree growth and optimizing timber production in forest restoration. This approach reduces the time to harvest by 25% and increases stand density by 38%, making large-scale forest restoration more attractive to landowners.
The UK Generations and Gender Survey found a rise in young adults intending not to have children, with environmental concerns less prevalent among Gen Z. High childcare costs also differ greatly by household income, restricting access to affordable services for low-income families.
A study by researchers at the University of Cambridge found that removing the largest individual serving size of wine from menus in 21 English licensed premises decreased total wine sales by 7.6%. Despite this, daily revenue remained unchanged, suggesting an increase in profit margins for smaller glasses of wine.
A Lancaster University-led study found improvements in mental health and reductions in burglaries among residents involved in the Big Local community empowerment initiative. However, benefits were unequally distributed, with men and those with higher education reporting better outcomes.
A study by Chung-Ang University found that electronic voting enhances shareholders' perception of corporate governance, increasing the market value of a firm's cash holdings. Firms with larger free cash flows and minority ownership saw stronger governance effects from adopting electronic voting.
A survey study found that Ukrainian refugees in Vienna, Austria, had higher education levels, work experience, and willingness to stay compared to those in Kraków, Poland. In contrast, those in Kraków were more likely to plan a return to Ukraine.
Researchers found that colon cancer screenings reduce cancer rates by about 0.5 percent, doubling previous estimates of a quarter of a percentage point. This effect is twice the impact of just being invited to screen, suggesting that actual screening rather than just the offer makes a difference.
Researchers found that less than two percent of patients in Medicaid and commercially insured plans received Z-codes to document Social Determinants of Health. The study highlights the need for improved tracking and documentation of SDOH in healthcare settings, with recommendations for policy changes and provider education.
A team of UVA civil and environmental engineers and environmental scientists have developed a web-based decision-support tool, called the Climate Equity Atlas, to help residents deal with the challenges caused by climate change. The tool combines historical environmental data and socioeconomic data to create a sophisticated predictive ...
A new study from the University of Illinois College of Agricultural, Consumer and Environmental Sciences examines how Illinois corn and soybean producers make marketing decisions. The research found that farms with lower financial positions tend to store more grain, while bigger and older farms have lower storage costs.