Word: petersons
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Villagewide Wi-Fi Life in four African villages was transformed after San Franciscans, Bob Marsh, Mark Summer and Kristin Peterson, installed a wi-fi system. "The farmers learned on the Internet how to prevent diseases, control pests and increase plantain production," says Summer to reach the village of Nyarukamba in western Uganda, visitors have to clamber up a thin, almost vertical dirt track. It's not the kind of place you would expect to find subsistence farmers surfing the Web with wi-fi computers or making voip (voice over Internet protocol) phone calls. But that's exactly what the village...
Experts in market psychology say stubborn sellers have a classic case of denial. Richard Peterson, a San Francisco psychiatrist who specializes in financial decision-making behavior, points out that "people would rather gamble and hope prices come back. They ignore information suggesting that prices are dropping." It's the same mentality that leads blackjack players to double down in a losing streak...
...when investors see prices rising, they get overconfident--the hot-hand bias that leads folks to think a basketball player will sink his fourth shot after making the prior three, even though probability says the odds are the same for every shot. That explains sellers' reluctance to cut prices, Peterson says. Academic studies also suggest that frustrated sellers take their homes off the market rather than accept lowball offers. It happened in Boston in 1991, when condo prices tanked and two-thirds of the inventory was withdrawn for sale, says Chris Mayer, a Columbia Business School professor. Sellers then...
...Peterson hopes to establish a working group of students, administrators, and even faculty to look into the potential costs of delivering cable TV via the campus’s computer network. He said he would like this group to determine the costs for students of receiving cable so that by the fall, “we could stop having this argument [over getting cable] every year [that ends] without anyone actually doing anything...
...York lawyer representing former workers and retirees at Enron, Lowell Peterson, said the estate would probably be responsible for restitution and damages in civil actions, but added that not everyone might continue to press their claims. "Time will tell if those former employees and retirees harmed by the actions of Enron executives will pursue damages," he said in a statement. "The thousands of former Enron employees I represented with the AFL-CIO felt terribly betrayed - not only that they had lost their jobs and benefits, but that the company and executives they believed in had turned out to be dishonest...