Daily non-political popular news in brief.
Money illusion and the market
08-23-2007 · EurekAlert!People often pay more attention to price tags than to real value. Professor Jean-Robert Tyran, University of Copenhagen, discusses when money illusion can affect markets (eg. the housing market) in the current issue of Science.
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Keywords: money, illusion, market
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- Pursuing parenthood: Discourses of persistence
11-12-2007 · EurekAlert!
People harbor many cherished goals that may prove elusive even with the aid of market offerings, such as pursuit of an ideal of beauty. Despite repeated setbacks, some individuals persist, often making extraordinary investments of time, emotion and money. A new study furthers our understanding of persistent goal striving, particularly in cases where the chances of success are low and the costs of continued efforts are high.
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- Report finds deforestation offers very little money compared to potential financial benefits
12-03-2007 · EurekAlert!
Deforestation in tropical countries is often driven by the perverse economic reality that forests are worth more dead than alive. But a new study by an international consortium of researchers has found that the emerging market for carbon credits has the potential to radically alter that equation.
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- Social cues and illusion: There's more to magic than meets the eye
11-20-2006 · EurekAlert!
The mechanisms that govern visual perception are only partly understood by scientists, and in fact much of what we know about how the human visual system works stems from investigations into our susceptibility to visual illusions. While scientists have used knowledge of illusions to further our understanding of the mind, magicians have learned to master the art of deception for entertainment purposes.
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- Panelists explore housing supply, quality and cost
11-01-2006 · Massachusetts Institute of Technology (MIT)
Students and visitors who gathered for the third session of the Affordable Housing Forum at MIT heard that, despite the much-ballyhooed "slump" of the real estate market, the total value of housing stock in the U.S. is around $20 trillion.
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- Government's reliance on free market economics makes essential drug prices too high for the poor
03-26-2007 · EurekAlert!
Research in Malaysia, published in the latest PLoS Medicine, has established that drugs considered essential for adequate health care are often priced beyond the reach of the poorer members of society. It would cost, for example, three days wages for a low-paid government worker to buy a month’s supply of a commonly prescribed stomach ulcer pill.
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- Improved meningitis vaccine for Africa could signal eventual end to to deadly scourge
06-07-2007 · EurekAlert!
The Meningitis Vaccine Project today released new data on the performance of a meningitis vaccine in West African children, suggesting that the new vaccine -- expected to sell initially for 40 US cents a dose -- will be much more effective in protecting African children and their communities than any vaccine currently on the market in the region.
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- Poll reveals public awareness of nanotech stuck at low level
09-25-2007 · EurekAlert!
National survey findings released today indicate that Americans' awareness of nanotechnology remains low. Popular awareness is nearly as small as the tiny nanoscale materials and nano-enabled devices and products now flowing onto the market from this rapidly progressing technology that experts believe will usher in a new industrial revolution.
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- Stanford researchers publish review of US medical device regulation
01-10-2008 · EurekAlert!
Researchers at the Stanford University Program in Biodesign have released a review of the background, mission and statutory requirements of medical device regulation in the United States. The report, published in the Journal of Medical Devices, highlights the differences between regulation guiding medical devices versus pharmaceuticals and underscores the complexity of the approval process and post-market surveillance by the FDA.
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- Other patients bear the real cost of Herceptin
11-23-2006 · EurekAlert!
The real cost of Herceptin is born by other patients whose treatment has to be dropped to balance the books, say doctors in this week’s BMJ.New guidance from the National Institute for health and Clinical Excellence (NICE) recommends trastuzumab (Herceptin) in early breast cancer, but it provides no extra funding and does not suggest what cuts should be made to release this extra money. This leaves medical staff with difficult decisions to make.
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- Level-headed: Economics experiment finds taste for equality
04-11-2007 · EurekAlert!
The rich don't get richer -- at least not in laboratory games. According to a new study of behavioral economics, published in the April 12, 2007, issue of Nature, people will spend their own money to make the rich less rich and the poor less poor. They do so without any hope of personal gain, acting, it seems, out of a taste for equality and sense of fair play.
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