Tag Archives: risk

Hey, big risk taker

Correlations are fun, aren’t they? What would the newspapers be without them? With an empty Health and Science section, that’s what. According to a paper by Olaf Hubler at the Institute of Empirical Economic Research, there is a correlation between … Continue reading

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When asking the question changes the answer

Some economics is about trying to solve economic and social problems. Some economics is about trying to work out why those problems occur. And a lot of the rest is trying to work out how to measure those problems and … Continue reading

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My twin makes risky choices too

Jerome Kerviel probably isn’t going to get another job as a trader for a while. Banks might also want to think twice about employing any of his siblings – or at least read this rather interesting paper from Sweden’s Institute … Continue reading

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My lucky number’s different in Chinese

Cultural differences in norms, behaviour and preferences have been well-documented. However, can simply speaking another language change the way someone behaves? According to this study from the Max Planck Institute of Economics, it can indeed. Some lucky bilingual university students were … Continue reading

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Don’t blame the pension scheme

Pension schemes have been much maligned lately. With austerity coming into fashion, the pension scheme bashing has got even worse. In particular, any firm or employee on a defined benefit pension scheme has been held up as demonstrating the very … Continue reading

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Don’t diet (or be obese) and drive?

A paper by scientists at UCL suggests that the risks we take are linked to how hungry we are. The interesting part aspect of the study is that it suggests that how hungry we are affects our general decision-making – … Continue reading

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