Word: ausubel
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Genetics Professor Frederick M. Ausubel, who will use a Transformative research grant to work on solutions to antibiotic resistance, said that one of the difficulties of conducting high-risk research is that people are reluctant to fund a project if there is no guarantee that the results will be relevant...
According to Ausubel, the NIH grants allow researchers to develop hypotheses that are “compelling yet may not be correct...
...third of consumers pick one credit card over another based on which issuer has the lowest introductory interest rate. And yet people often do so in a way that leaves them with higher finance charges over time. In one study, University of Maryland economists Haiyan Shui and Lawrence Ausubel watched people pick a card with a teaser rate of 4.9% for six months over a card with a teaser rate of 7.9% for 12 months. That would make sense if the people then paid off their balances within six months. But many didn't - the average balance for the year...
...Disclosure itself may not be enough considering the well-entrenched forms of human thinking we're dealing with. "There have been a lot of disclosure policies over the past 20 years, but they've had a limited effect on improving the market," says the University of Maryland's Ausubel. "The problem isn't in the availability of information. The problem is in the processing of the information." (Read "How the Banks Plan to Limit Credit-Card Protections...
Other Harvard faculty members honored included Harvard Medical School Professor of Genetics Fred M. Ausubel, Rudenstine Professor of Latin American Studies David L. Carrasco, Harvard Law School Professor Louis Kaplow, Professor of Economics Michael R. Kremer, Baird Professor of Science Andrew P. McMahon, Bass Professor of Government Michael J. Sandel, Robinson Professor of Math Wilfried Schmid and Wales Professor of Sanskrit Michael E.J. Witzel...