Economy

The aversion to losing money resides in the amygdala

Researchers at the California Institute of Technology (Caltech), in the United States, have linked human aversion to losing money to a specific structure of the brain, the amygdala. The study, published in the latest issue of the journal Proceedings of the National Academy of Sciences (PNAS) provides new data on economic behavior and on the role of this almond-shaped brain structure, which records rapid emotional reactions and is implicated in depression, anxiety and autism.

The cooperative science game

IE University, based in Segovia, has developed The International Lake Game Competition, an online game that brings students from all over Europe closer to the interdisciplinary, international and cooperative nature of Science.

The bracelet that measures emotions

Philips has created a bracelet that measures the level of emotion and stress that its user has at all times. With your help, financial investors, the main recipients of the new gadget, can be sure that they are making their decisions with a cool head.

The high ones charge more

A study published in The Economic Record magazine reveals that tall individuals often earn more money than their shorter peers.

What is worth more, a euro or a hundred cents?

What is worth more, a euro or a hundred cents? Although mathematically the answer is obvious, our brain acts as if the value of one hundred cents were greater. The numbers confuse us, according to a study published in the journal Psychological Science.

We wreck to call

A University of Michigan study published in Evolutionary Psychology reveals that men who spend the most money had more partners in the past and wish to have more partners in the next five years.

Reinhard Rare:

"The Theory of Games helps to make decisions" Professor at the Institute of Economic and Social Sciences at the University of Bonn, Reinhard Selten is, along with John Harsanyi and John Nash, with whom he shared the 1994 Nobel Prize in Economics, one of the creators of game theory, a discipline that creates mathematical models of conflict situations. He was born in 1930 in Breslau, a city then German and now Polish, and studied mathematics and economics in Frankfurt. He is a member of the American Academy of Arts and Sciences and the author of several books, most notably Models of Strategic Rationality.

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