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Business / Economics - 16.01.2019
Nudging Does Not Necessarily Improve Decisions
Nudging Does Not Necessarily Improve Decisions
Nudging, the concept of influencing people's behavior without imposing rules, bans or coercion, is an idea that government officials and marketing specialists alike are keen to harness, and itis often viewed as a one-size-fits-all solution. Now, a study by researchers from the University of Zurich puts things into perspective: Whether a nudge really does improve decisions depends on a person's underlying decision-making process.

Business / Economics - 11.01.2019
Why people make up their minds sooner than they realize
You may think you are being prudent in taking the time to gather as much information as possible before making up your mind, but a new study finds that people consume far less information than expected before making judgments and decisions. Whether buying a new car, hiring a job candidate or getting married, people assume they can and will use more information to make their decisions than they actually end up using, according to research from the University of Chicago Booth School of Business.

Business / Economics - 11.01.2019
Gamblers predicted Brexit before financial traders
Gamblers predicted Brexit before financial traders
Research shows how financial markets should have predicted Brexit hours before they eventually did, and that betting markets beat currency markets to the result by an hour - producing a "close to risk-free" profit-making opportunity, according to economists.   It looks like the gamblers had a better sense that Leave could win, or that it could at least go either way Tom Auld International finance markets lagged behind punters having a flutter whe