Word: experimentally
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The prisoner’s dilemma is a classic game theory experiment in which two players choose whether to cooperate or compete against each other. Cooperation is mutually beneficial, and in the modified version, players also have the option to punish their partners while incurring a cost to themselves.
The same "choice architecture," as the authors call it, could be used to bolster the nation's ranks of organ donors. In one survey, only 64% of people wishing to be organ donors had marked that choice on their driver's license. If, instead of making people choose to donate...
But few bands can expect to score sneaker ads or globe-trotting tours. Record companies still need the music to make them money. But some 30% of the artists on EMI's books have yet to come back with a recording, and sliding CD sales mean that overall, only 3...
Quick, think of five things that make you happy. Is one of them butter? What about bees? These were the thoughts that came to mind for John B. Pounders, a senior at the University of Alabama, and one of his happiness-seeking friends. Pounders’ joyful thought experiment, easily...
Former Managing Editor of the Wall Street Journal Paul E. Steiger spoke last night at the John F. Kennedy Forum at the Institute of Politics about the current recession in the newspaper business, contending that “we have not reached the bottom yet.” Steiger began...