Economics professor Stephen M. Miller shares his insights in this exclusive interview.
- Stephen M. Miller, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, gives insight into how the COVID-19 pandemic impacts American economies.
- Calling it a "trade-off between public health and economic health," Miller explains why social distancing is a necessary measure to avoid a total crash of economies.
- The SIR model, which is a guide to assessing how much of the population is actively infected, shows what could happen if the active cases of infection goes above 10% of the population.
From understanding human aggression to epigenetics, Stanford University offers all 25 lessons of this fascinating course for free on YouTube.
- Stanford's Human Behavioral Biology course explores the interconnections between physiology and behavior.
- Most of the course is taught by Robert M. Sapolsky, a professor of biology, neurology, and neurosciences at Stanford, and also an author and contributor to Big Think.
- Check out some highlights from the course below.
When facing a tough decision, it pays to trust your gut.
- A recent study examined the accuracy of predictions of soccer matches on a popular betting website.
- The users were allowed to revise their bets up until the match started.
- Surprisingly, the results revealed that the revised bets were much more likely to be incorrect.
It's not the act of buying but how you spend money that improves happiness and life satisfaction.
- To prove money can't buy happiness, people point to millionaires and lottery winners who ruined their lives.
- Psychological studies have shown that learning how to spend your money can improve overall happiness.
- We explore eight money-spending principles that research suggests can bolster life satisfaction.
Need to know how an election will turn out? Call your bookie.
- A new study finds that gamblers reacted more quickly to news on Brexit than currency traders.
- On the night of the referendum, gamblers and odds makers figured out what would happen hours before traders, experts, and the BBC.
- The results are bad news for the idea that markets are perfectly efficient.