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Articles tagged with: economics

Written By: grant on July 9, 2014 No Comment

The Guardian has more on the power-station throwdown in which solar power is winning the race:

Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day.

For several days the price, normally around $40-$50 a megawatt hour, hovered [...]

Written By: grant on May 21, 2014 No Comment

Another one for the unintended consequences file? From Slashdot (not normally a research reporting resource, but bear with us) we hear a note of concern sounded about Google cars cutting significantly into local revenues by avoiding traffic tickets:

Approximately 41 million people receive speeding tickets in the U.S. every year, paying out more than [...]

Written By: grant on June 5, 2013 No Comment

Doesn’t matter who you are or what you want, University Herald explains. The negotiator who asks for the specific number gets the upper hand:

Research conducted by [Columbia Business School] Professors Malia Mason and Daniel Ames and doctoral students Alice Lee and Elizabeth Wiley finds that asking for a specific and precise dollar amount [...]

Written By: grant on April 18, 2013 No Comment

PhysOrg flies in the face of the conventional wisdom that holds “out of sight, out of mind” as a savings strategy. Instead, we save better by keeping our eggs in one basket:

[University of Kansas School of Business assistant professor Promothesh] Chatterjee’s research utilized four separate studies totaling 566 participants. All four studies presented participants [...]

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Written By: grant on April 2, 2013 No Comment

New Scientist adds up the arguments over bitcoins, the computer-generated form of money. We’re now seeing plans to regulate the imaginary currency:

Virtual currencies are to be regulated by the US Treasury after the Financial Crimes Enforcement Network (FinCEN) moved to clarify their status under anti-money-laundering laws.

The move comes as Bitcoins doubled in [...]

Written By: grant on August 10, 2012 No Comment

Boston Globe blows the lid off an M.I.T. syndicate that appears to have made a cool $8 million fixing the lottery:

[Massachusetts Inspector General Gregory W.] Sullivan’s report details the way a handful of math and science wizards, including Massachusetts Institute of Technology undergraduates looking for an interesting school project, turned Cash WinFall into [...]

Written By: grant on May 24, 2012 No Comment

MIT’s Technology Review is not a publication ordinarily given to hyperbole. So it’s a little distracting when their web desk declares that Facebook is heading for an implosion that will take internet business as we know it down with it:

The daily and stubborn reality for everybody building businesses on the strength of Web [...]

Written By: grant on April 14, 2012 No Comment

SONG: “Inside the Box.” (To download: double right-click & “Save As”)

ARTIST: grant.

SOURCE: Based on “CEOs and the Candle Problem”, Nature, “A Mad Hemorrhage” blog, 2 Apr 2012, as used in the post “About those CEO bonuses: How financial incentives make us less creative.”.

ABSTRACT: This song was a response [...]

Written By: grant on April 9, 2012 No Comment

Nature blogger Graham Morehead isn’t looking over any new research with this post, which makes it all the more remarkable. Since the early 1960s, we’ve known that offering money as a reward makes us worse at solving problems:

Knowing what was going to happen didn’t help. His new division became just as crisis-soaked and hectic [...]

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