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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 [...]

World News

Tainted milk, a baby's death and lawsuit in China (AP)

Yi Yongsheng shows a photo of his deceased infant son with his grandfather, Sunday, Oct. 12, 2008, at his Xinxing home in China's northern Gansu province. The death of Yi's son from kidney failure was one of four China's government has reported so far in a tainted milk scandal. Thousands of children were sickened after eating milk powder laced with the industrial chemical melamine. (AP Photo/Greg Baker)

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)

In a March 6, 2005, file photo provided by 'Meet the Press', Paul Krugman of Princeton Univsersity and The New York Times, speaks during the taping of 'Meet the Press.' The Royal Swedish Academy of Sciences said Monday, Oct. 13, 2008, that Krugman has won the Nobel economics prize 'for his analysis of trade patterns and location of economic activity.' (AP Photo/Meet The Press, Alex Wong/file)

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.