That's Interesting
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People systematically overlook subtractive changes
05th January, 2025Improving objects, ideas or situations—whether a designer seeks to advance technology, a writer seeks to strengthen an argument or a manager seeks to encourage desired behaviour—requires a mental search for possible changes. This article investigates whether people are as likely to consider changes that subtract components from an object, idea or situation as they are to consider changes that add new components.
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When Subtraction Adds Value
05th January, 2025Imagining ways to introduce change is an essential skill no matter one’s occupation, role, or rank. Across a series of experiments, the authors found that people systematically overlook subtractive changes, instead following their instincts to add.
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The Rise of Alternatives
08th December, 2024Since the 2000s, U.S. public pensions have shifted their risky investments towards alternative assets like private equity and hedge funds, some more aggressively than others. This paper explores several explanations for these cross-sectional trends, focusing on those implied by the mean-variance models used by most pensions.
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12 Best Practices for Leveraging Generative AI in Experimental Research
04th December, 2024This paper provides twelve best practices and discusses how each practice can help researchers accurately, credibly, and ethically use Generative AI (GenAI) to enhance experimental research.
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In the CEO We Trust: Negative Effects of Trust Between the Board and the CEO
01st December, 2024This study investigates whether and how trust between board members and the CEO (board–CEO trust) affects the performance of mergers and acquisitions. Contrary to conventional wisdom, it is found that firms with higher levels of board–CEO trust exhibit poor M&A performance.
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Accessing Private Markets: What Does It Cost?
28th November, 2024This paper provides the first empirical analysis of the costs of financial intermediation across private markets and a framework to estimate ex-post costs using observed fund terms.
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When a Crystal Ball Isn’t Enough to Make You Rich
26th November, 2024The authors ran an in-person, proctored experiment inspired by a 2016 tweet from Nassim Nicholas Taleb– “If you give an investor the next day’s news 24 hours in advance he would go bust in less than a year.” The authors called the experiment “The Crystal Ball Challenge.”
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Listening to Music May Speed Up Recovery from Surgery
07th November, 2024Review of studies shows powerful effects of music in reducing perceived pain and heart rate immediately after surgery
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Death | Open Yale Courses
03rd November, 2024This course examines a number of issues that arise once we begin to reflect on our mortality. The possibility that death may not actually be the end is considered. Also a clearer notion of what it is to die is examined. And, finally, different attitudes to death are evaluated.
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Moby Dick Big Read
30th October, 2024The Moby Dick Big Read grew out of the University of Plymouth’s, The Arts Institute’s Whale Festival (2011) and was conceived and curated by Philip Hoare (winner of the 2009 Samuel Johnson prize for non-fiction for Leviathan or, the Whale) and the acclaimed artist, Angela Cockayne, whose exhibition, Dominion, also held at The Arts Institute’s Levinsky Gallery in 2011, provided vital inspiration.
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