Articles tagged with Economic Decision Making
Researchers from Xi'an Jiaotong-Liverpool University developed a system to assess water quality challenges in Suzhou, China. The study found that the city's water capacity has increased since 2001 due to effective water management measures.
A new study from the University of Exeter emphasizes the importance of shared community spaces in addressing gentrification and its effects on rural communities. Dr. Joanie Willett's research found that these spaces can foster relationships, knowledge-sharing, and community action to adapt to changing futures.
A study at the University of Bonn found that primary school children are more likely to choose unhealthy snacks when buying with friends or classmates. Conversely, they opted for healthier choices when purchasing alone. This highlights the importance of understanding how social factors influence children's purchasing decisions.
A tiered tax system incentivizes companies to reduce sugar content, leading to a significant reduction in sugar intake and medical costs. The study predicts that such a tax could prevent over 244,000 cases of type 2 diabetes and save €16.0 billion.
Research published in Nature Human Behaviour suggests that lockdowns and voluntary behaviour change lead to similar economic damage, with lockdowns saving more lives. The study's model simulates the balance between health and economic impact, predicting health-economic outcomes of political and health measures during a pandemic.
A new economic-pandemic model predicts that lockdowns and spontaneous risk reduction lead to similar trade-offs between health and the economy. The model, developed by an international team of researchers, accurately predicted death rates and economic impact in New York City during the first wave of the pandemic.
A hospital's portfolio strategy can shape patient preference in important ways, with a focus on depth of expertise leading to increased market share. Hospitals with a high related focus in a department also signal breadth of expertise, positively affecting market share.
A special issue of Medical Care journal highlights the need to study economic impacts on patient outcomes, including trade-offs in family decision-making about health care. The studies aim to improve data collection and infrastructure to measure nonmedical economic outcomes and track economic well-being over longer periods.
Research highlights the importance of supporting family members after cardiac arrest, finding that they face significant emotional, physical, and informational challenges. Studies such as TEMPO found that informational resources improve caregiver knowledge and decision-making abilities.
A study by Brigham researchers found that the COVID-19 pandemic led to a sharp decline in surgical abortions for commercially insured patients, with no concurrent increase in medical abortions. The rate of surgical abortions remained below pre-pandemic levels through June 2022.
Researchers at Sainsbury Wellcome Centre find frontal and parietal cortex play key role in encoding value of economic choices when faced with uncertainty. The study provides foundation for understanding neurobiology of risky decisions.
A new study by UMass Amherst researchers found that adult vaccination rates increase when out-of-pocket costs decrease. The study analyzed data from the shingles vaccine and found a significant increase in vaccination rates after the Affordable Care Act required private insurers to cover vaccinations.
Research by Dr Clive Boddy of Anglia Ruskin University reveals warning signs for corporate psychopaths in finance and politics. These include superficial charm, lack of remorse, and ruthless self-serving behavior.
Banana Xanthomonas Wilt (BXW) could cause a 55% reduction in banana production in newly affected regions within 10 years. The disease is projected to result in significant economic losses, with consumers bearing 40% of the estimated $25 billion cost.
People with fewer financial resources have lower life expectancies due to factors like healthcare costs and economic inequality. Longer-term financial planning is associated with a lower risk of death, even after accounting for other factors.
Researchers studied fruit flies to understand how their brains assign value to rewards, finding that expectations play a crucial role in decision-making. By observing the flies' behavior, the team pinpointed the site in the brain where these value adjustments are made, enabling them to test a theoretical framework on neural circuits.
Historians studied the French Revolution to understand hyperinflation, finding that political instability and shifting public expectations led to extreme price increases. The study offers valuable lessons on sound fiscal housekeeping and stable prices.
A study published by the American Psychological Association finds that people experiencing financial scarcity make decisions based on their immediate needs, prioritizing short-term gains only when scarcity threatens their most pressing requirements. Researchers examined how participants' choices changed depending on the timeline of the...
A new article collection from Medical Care provides in-depth information on the costs of implementing evidence-based programs into routine clinical practice. The study, which received Implementation Award funding from PCORI, reports cost findings for various projects and healthcare sites.
A new study by Uppsala University researchers reveals a significant difference in vaccination rates among people with varying cognitive abilities. Among those with the highest cognitive ability, 80% were vaccinated within 50 days, while it took 180 days for those with the lowest cognitive ability to reach the same rate.
A global food system model suggests that consumer choices and climate-smart technologies can help achieve net negative emissions by 2050. The study estimates that a complete transformation could remove up to 33 gigatons of carbon dioxide each year.
New research from the University of Ottawa's Telfer School of Management suggests that managing public transit projects requires a comprehensive approach considering rational, psychosocial, and political dimensions. This involves engaging stakeholders, including non-users, to ensure societal impact and cost-effectiveness.
Researchers developed a novel method using Google Trends to assess player popularity and demonstrated its improvement in predicting market value. The method involves calculating six indicators of popularity that can be compared among players, improving accuracy when incorporated with other factors.
A recent review paper highlights the need for an interdisciplinary approach to designing and implementing renewable energy systems. Local communities' values and concerns must be considered to ensure public backing for the essential energy transition. The study emphasizes the risks of ignoring socio-technical grand challenges in wind e...
Researchers found that participants with MCI performed significantly worse on a test of four types of decision-making abilities compared to those without. The study's findings have broad implications for choices about finances, health care, and other daily decisions.
A new scientific statement from the American Heart Association highlights the importance of shared decision-making in cardiovascular care. Key findings include improved patient understanding, acceptance, and satisfaction when healthcare teams involve patients in decision-making processes.
A new study suggests that requiring firms to disclose their true normal price can help protect consumers from deceptive pricing practices. The research found that providing this information largely eliminates the effect of an advertised regular price, which otherwise significantly raises the chance a consumer will buy.
The University of Tennessee Extension will host a series of workshops across the state to help agricultural producers navigate labor management. The workshop series aims to improve the economic sustainability of labor-intensive farming operations in Tennessee by reducing risks associated with attracting and retaining agricultural labor.
New IU research shows that a mutual connection to past changes an object's value, making sellers more willing to part with items. This connection also has implications for sustainability, as emphasizing heritage can lead to greater citizen value and environmental concern.
A study by the University of Illinois examines how family forest landowners in Maine and New Hampshire approach invasive species management. The researchers found that landowners prefer mechanical control methods, which are more expensive but less effective than chemical control, due to strong neighborhood effects. This has implication...
Researchers at the University of Notre Dame found that targeted financial assistance can prevent homelessness, with participants 81% less likely to become homeless within six months. The study suggests that investing in homelessness prevention programs can yield benefits exceeding the costs.
A recent study finds that most phosphorus stakeholders have significant doubts about the sustainability of existing systems, citing concerns over environmental impact. To advance phosphorus sustainability, stakeholders emphasize the need for new regulations, improved management practices, and innovative technologies.
Researchers examined almost 600 families and found that children from disadvantaged families struggle to accurately assess their abilities. A mentoring program improved their self-assessment skills, leading to better life outcomes.
A global study of over 5,000 participants from 27 countries found that economic inequality is driven more by scarcity than cognitive biases. The research confirms that choice patterns among low-income individuals do not uniquely explain protracted poverty.
A new computer model forecasts yield for four key crops in the southeastern US, drawing on climate, groundwater, and agricultural data. The tool helps farmers and water resource managers identify ways to maximize crop yields while efficiently utilizing water and energy.
A study by the University of California - Riverside found that consumers tend to overuse shared products like hand sanitizer when they think others will use them. To reduce waste, the study suggests making consumers believe they're sharing with family or friends, and increasing their identification with the product.
Researchers discovered that high-status men's respect for minority women is key to improving group communication. When men in power show respect and accept women's expertise, teams become more effective at solving problems and sharing information.
Researchers at Rensselaer Polytechnic Institute found that women are more likely to hide their LGBTQ+ affiliation when they expect discrimination against LGBTQ+ individuals. This behavior is linked to the experience of gender-based discrimination and the expectation of unequal treatment.
New research suggests Ukrainian refugees can improve long-term GDP in European countries investing in capital improvements. Low-skill workers and owners of capital benefit in the short term, while high-skill workers face competition for jobs.
A Brazilian study combined urban expansion and land-use changes with hydrodynamic models to identify flood-prone areas of cities. The methodology, validated using actual data for São Caetano do Sul, can be used by other cities to devise public policies and make decisions to address flooding impacts.
A new study found that federal and state lockdowns and health mandates implemented during the pandemic exacerbated mental health issues in people living in four US geographic regions. The research showed a significant increase in feelings of anxiety and depression, particularly in Southern states with Republican governments.
Researchers found that specialized MLB pitchers perform better in their specialty after obligatory tasks outside of their specialization, such as batting. This phenomenon is known as 'forced task inferiority,' where underperformance in non-specialist tasks frustrates specialists and generates heightened drive that they can channel into...
Researchers developed a model that better described human and monkey decision-making under uncertainty, showing that unexpected wins led to increased risk taking. The findings suggest a change in perception of probabilities rather than valuation of rewards.
A new study by the University of Notre Dame found that consumers tend to use cash for purchases they consider guilty or difficult to justify, while using cards for easier-to-justify transactions. This strategy helps consumers forget about undesirable purchases and track their spending more easily.
Online radiologists choose studies based on financial attractiveness, leading to delays in high-priority cases. This study found that expedited priority class contained the highest percentage of delayed studies.
Researchers found that commercial properties in New York and Boston traded at lower values after Hurricane Sandy, despite no direct damage. This shift in perception is likely due to professional investors responding to changing flood risk perceptions post-Sandy.
A Cornell University-led study using the Tetris game found that players who receive fewer turns perceive their partner as less likable, regardless of whether a human or AI allocates the turns. The researchers also discovered that machine allocation behavior can lead to worse performance and gameplay when fairness is not guaranteed.
Achieving a high fertility cycle in dairy herds involves implementing reproductive management programs, maintaining optimal body condition scores (BCS), and ensuring timely pregnancies. By calving cows at lower BCS between 2.75 and 3.0, dairy farms can reduce health issues and increase fertility rates.
A new study reveals that female leaders are attributed to bad luck when they fail, whereas male leaders' negative outcomes are blamed on their selfish decisions. In a laboratory setting, researchers found biases in the attribution of outcomes that favor women.
Researchers found that disordered thrift shop displays can enhance perceptions of hidden treasure, but risk perceptions outweigh this effect, leading to a net negative impact on purchase likelihood. High inventory knowledge by sellers mitigates these risks, increasing perceptions of curated products and consumer trust.
A team of researchers from the Complexity Science Hub and Central European University created more-detailed poverty maps for Sierra Leone and Uganda, identifying poor areas with greater accuracy. The maps use a combination of survey information, satellite imagery, and social media data to provide a more accurate picture of wealth distr...
A recent study by University of Exeter researchers found that the Bank of England's media coverage plays a significant role in reinforcing accountability. The study analyzed 13,986 articles from major news outlets and discovered that media coverage levels are strongly linked to parliamentary hearings and speeches by central bankers. Th...
Researchers found that forecasters have an incentive to misreport when their reputation is at stake, with higher levels of misreporting in less uncertain situations. The study suggests firms should trust expert advice when uncertainty is high and link evaluations to ex-post accuracy to reduce misreporting.
A new study reveals that households experiencing high inflation are more likely to buy a home due to concerns about future price hikes. The research found that personal experience with inflation is a key driver of home ownership, with those who have lived through high inflation more likely to invest in real estate.
A study by Beth Israel Deaconess Medical Center found that climate change-related natural disasters have increased since 1980 and cost the US over $2 trillion in recovery costs. The analysis suggests that rising CO2 levels and temperatures will lead to more frequent and severe disasters, with exponentially increasing costs.
The study found a significant association between the loss of abortion rights and increased mental distress in females of reproductive age. Restricting access to abortion may disproportionately affect lower socioeconomic status individuals, leading to greater economic and mental health burdens.
A recent study analyzed data from 41,516 refugees and 207,729 Swedish-born individuals to investigate the impact of mental and somatic illnesses on labor market integration. The study found that multimorbidity poses a significant risk for unemployment among young refugees, highlighting the need for targeted public health actions.
Researchers developed an economic-epidemiological model to assess the impact of no closures. The study found that California's unemployment rate would have been lower, but deaths and hospitalizations from COVID-19 would have increased significantly, exacerbating current inequities.
A new study published in PLOS Global Public Health found that factors such as marriage status, age, and education are associated with pregnancy termination in 36 low- and middle-income countries. The study used data from over 1.2 million women aged 15-49 and found that married women, those over 30, and those with higher education were ...
A new study estimates the global economic cost of 29 cancers from 2020 to 2050 to be $25.2 trillion, with significant variations in burden across countries and regions. The study highlights the need for global efforts to address rising cancer burdens.