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Articles posted on Thursday, September 27, 2012

The Marketplace in Your Brain - The Chronicle Review - The Chronicle of Higher Education

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Thursday, September 27, 2012
Category: Behavior

From chronicle.com

Neuroeconomics came into being around the turn of this century, growing out of a critique of the basic idea in economics that people are driven by rational attempts to maximize their own happiness. A new breed of behavioral economists had noted that in reality, individual definitions of "maximize" and "happiness" seemed to vary.

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How High Oil Prices Will Permanently Cap Economic Growth - Bloomberg

Thursday, September 27, 2012
Category: Economics

From www.bloomberg.com

For most of the last century, cheap oil powered global economic growth. But in the last decade, the price of oil has quadrupled, and that shift will permanently shackle the growth potential of the world’s economies.

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BBC News - Valencia: A Spanish city without medicine

Thursday, September 27, 2012
Category: Europe

From www.bbc.co.uk

The Spanish regions are heavily in debt. People rely on them for their free health and education systems, but they cannot pay their bills any more.

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Something’s Fishy Here… Robo-Tuna Sinks War On Drugs To New Depths SiliconANGLE

Thursday, September 27, 2012
Category: Innovation

From siliconangle.com

Modeled on the vastly under-rated tuna fish " one of the fastest and most maneuverable of all the creatures of the deep " the newly developed BIOswimmer robofish will be able to search and inspect the hulls of ships, and even the ocean floor should the bad guys attempt to ditch their contraband overboard.

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What Happens to Stolen Bicycles?

Thursday, September 27, 2012
Category: Crime

From blog.priceonomics.com

Using this risk-return framework for crime, it begins to be clear why there is so much bike theft. For all practical purposes, stealing a bike is risk-free crime. It turns out there is a near zero chance you will be caught stealing a bike (see here) and if you are, the consequences are minimal.

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