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Most people dream enthusiastically at night, their dreams seemingly occupying hours, even though most last only a few minutes. Most people also read great meaning into their nocturnal visions. In fact, according to a new study in the Journal of Personality and Social Psychology, the vast majority of people in three very different countries - India, South Korea and the United States - believe that their dreams reveal meaningful hidden truths...
...Anchoring occurs all the time, like when you're asked to look at your Social Security number before answering a question (you're more likely to pick an answer close to the digits in your SSN). A team of researchers even showed in a 2003 paper in the Quarterly Journal of Economics that people will endure more physical discomfort (exposure to an unpleasant noise) for less monetary compensation in a lab setting when they are anchored prior to the experiments to smaller monetary amounts. As I said, we all make dumb choices based on silly information. That...
...analyst recently wrote that GE Capital has zero value in contributing to the value of the company's stock. His argument is that the unrealized losses on the financial unit's balance sheet are greater than most investors understand. On top of the analyst's report, The Wall Street Journal reported that GE has significant exposure to the failing commercial real estate market. (Watch a GE advert shown during the Super Bowl...
...just that all of these names are a nuisance to spell and a mouthful to pronounce - though they are. It's that they strike us as downright dangerous. That, at least, is the conclusion of a new study published in the journal Psychological Science - and it's a study that ought to give pause to any manufacturer with a product to brand or parent with a baby to name. (See the top 10 medical breakthroughs...
...oldest newspaper chains, Journal Register, went bankrupt late last week. It had too much debt and too little operating income. The daily newspapers in Philadelphia have also filed for Chapter 11. There have been rumors, almost certainly untrue, that The New York Times (NYT) will run low on funds to pay its debt. In the case of The Times it has valuable assets to sell, but its situation deteriorates each quarter. By most estimates, its second largest property, The Boston Globe, loses $1 million a week...