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o students partnered up to take on the latest Internet fad: the online social networks that were exploding into the mainstream. With people signing up in droves to reconnect with classmates and old crushes from high school, and even becoming online “friends” with their family members, the two wondered what the online masses were unknowingly telling the world about themselves. The pair weren’t interested in the embarrassing photos or overripe profiles that attract so much consternation from parents and potential…
flecting back on our recent economic history bring to my mind a two sad surprises. Even as a behavioral economist who generally believes in the prevalence of irrationality in our every day life, I place some stock in the main mechanism that should have maintained the efficiency of the financial markets: competition. In principle, the drive for competition among individuals, banks, and financial institutions should get the actors in the market to do the right thing for their clients as…
is news is about NBA players and bankruptcy is from a few years ago. Now comes even worse news regarding NFL players and bankrupt. The 78 percent number (i.e., 78% of NFL players go bankrupt within two years of retirement) is buoyed by the fact that the average NFL career lasts just three years. So, figure a player gets drafted in 2009, signs for the minimum and lasts three years in the league: He will have earned about $1.2…
e Japanese are the world's most prodigious consumers of health care. The average Japanese visits a doctor about 14.5 times per year -- three times as often as the U.S. average, and twice as often as any nation in Europe...The Japanese love medical technology; they get twice as many CAT scans per capita as Americans do and three times as many MRI scans. Japan has twice as many hospital beds per capita as the United States, and people use them. …
uth African saliva: South Africans in an impoverished township are profiting from an illegal trade in a precious new currency ‑ saliva. Tuberculosis sufferers in Khayelitsha, Cape Town, were found to be selling samples of their sputum to healthy people to pass off as their own in a scam to gain medical grants. An investigation by the West Cape News identified people with TB charging R50-100 (£4.10-£8.20) for saliva samples contained in bottles stolen from health clinics. The paper said…
e human eye is a perceptual powerhouse. It can see millions of colors, adjust easily to shifting light conditions, and transmit information to the brain at a rate exceeding that of a high-speed Internet connection. But why stop there? In the Terminator movies, Arnold Schwarzenegger’s character sees the world with data superimposed on his visual field—virtual captions that enhance the cyborg’s scan of a scene. In stories by the science fiction author Vernor Vinge, characters rely on electronic contact lenses,…
e Nielsen Media Research company estimates the number of television households in the United States is up to 114.9 million as the new TV season begins. Nielsen compiles TV ratings . It says the TV household estimate is up by 400,000 homes from last year's number. That's the smallest increase in the past decade. via businessinsider.com Join over 320,000 readers. Get a free weekly update via email here. Related posts: New Neuroscience Reveals 4 Rituals That Will Make You Happy New Harvard…
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