Understanding Impacts of Superstitions on Decision Making Behavior
Scientists have been successful up to great extent in understanding the impacts of superstitious beliefs on the decision making process of a person. This important aspect has long been understood to affect the market behaviors in addition to the individual’s behavior but almost no attention has been given to it so far. For the first time [...]Tainted milk, a baby's death and lawsuit in China (AP)
AP - Heartbroken at the sudden death of their baby boy, the Yi family struggled to forget what they thought was a tragic twist of fate. They burned his clothes, toys, everything but a single photo and the baby formula he drank.Columnist Paul Krugman wins Nobel economics prize (AP)
AP - Paul Krugman, the Princeton University scholar, New York Times columnist and unabashed liberal, won the Nobel prize in economics Monday for his analysis of how economies of scale can affect international trade patterns.