Phys.org – Economics & Business

Opportunity hoarding has gained attention over the last several years, particularly after the 2019 Varsity Blues Scandal in which wealthy, well-known parents used their money, status and privilege to illegally get their children into university.This […]

New findings provide quantitative criteria for classifying social organizations in human history, together with potential explanatory variables that can be empirically measured for anthropology, history and archaeology, according to a study published September 3, 2024 […]

Conventionally, decision-making is portrayed as a rational process: individuals calculate potential risks and aim to maximize benefits. Yet, our brains do not always endorse rational action, particularly when an immediate response is required. Sometimes, individuals […]

Millions of women who work in the fisheries industry are being left behind as technologies develop to counter the effects of climate change and economic pressures.This post was originally published on this site

According to a new study, as of April 2021, US Congress members whose ancestors enslaved 16 or more people had a net worth that was five times higher than that of legislators whose ancestors did […]

ChatGPT, the generative artificial intelligence technology developed by OpenAI, could help humans with daily, creative tasks—even those typically thought to require the human ability to “read between the lines,” according to new research by the […]

A new national study provides the best evidence to date that generous unemployment insurance benefits during the COVID-19 pandemic helped reduce reliance on high-cost credit use.This post was originally published on this site

A mathematical framework that builds on the economic theory of hidden-action models provides insight into how the unobservable nature of effort and risk shapes investigators’ research strategies and the incentive structures within which they work, […]

While the U.S. federal government has clean energy targets, they are not binding. Most economically developed countries have mandatory policies designed to bolster renewable electricity production. Because the U.S. lacks an enforceable federal mandate for […]

As the Paris Olympics captured the world’s attention, it proved apparent that winning medals often hinged on the success of teamwork. While such an approach clearly works in sports, new research suggests teamwork is not […]