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Where bonehead investments come from

The study found that two brain regions, nucleus accumbens and anterior insula, are activated before making risk-seeking versus risk-aversion investment mistakes. This discovery may help improve the design of economic institutions to facilitate optimal investor behavior.

SourceCell Press·JournalNeuron·DateAug 31, 2005

Time isn't money

A study by University of Washington researchers found that people are less certain about the value of their time compared to money. Consumers tend to rationalize negative experiences when paying with time, but not when using hard-earned cash.

SourceUniversity of Washington·JournalJournal of Consumer Research·DateAug 30, 2004

An image of success

Dr. Zhang's research focuses on improving indexing, retrieval, and use of images based on algorithms that rely on the semantics of the images themselves. His recent invention disclosure reveals a novel fuzzy logic-based indexing scheme and user relevance feedback algorithm for content-based image retrieval.

The stongest game show strategy

Researchers found that players should bank money after each correct answer to maximize their winnings. However, the game's psychological dynamics can lead players to abandon this optimal strategy due to the host's aggressive tactics.

You don't need to stop procrastinating

Researchers found that calculations taking longer than 26 months on current hardware are not worth starting. Instead, delaying until a more powerful computer is available can save time and resources. This strategy allows for optimal use of limited budgets for computers.

SourceNew Scientist·JournalThe New Scientist·DateJan 4, 2000

Reasons For Selling House May Affect Final Price, Selling Time

A new study by Ohio State University researchers reveals that highly motivated sellers tend to list their homes for shorter periods and receive lower offers. The study found that sellers with strong motivations to sell, such as those who have already purchased another home, can expect to sell their houses up to 30% less time than other...

SourceOhio State University·JournalReal Estate Economics·DateFeb 1, 1999

Making ATMs Easier To Use

ATMs are increasingly used due to their convenience, but users face difficulties such as machine malfunctions, poor visibility, and slow operation. Design changes and training can address these issues, incorporating technologies like touch screens, voice guidance, and Braille indicators.