Among Social Scientists, a Vigorous Debate Over Loss Aversion

A principle that explains decision-making — from investor behavior to insurance markets — isn’t ironclad, experts argue. BY MICHAEL SCHULSON WHILE MOST PEOPLE have likely never heard of loss aversion, the concept — arising in the social sciences some four decades ago — is among the most influential in the behavioral sciences. In a nutshell, it holds that when people make decisions, the impact of losing something carries greater weight than the impact of gaining something of similar value — or that, in the often-quoted words of psychologists Daniel Kahneman and Amos Tversky, “losses loom larger than gains.” The idea has come to inform empirical … Continue reading Among Social Scientists, a Vigorous Debate Over Loss Aversion

Artificial Intelligence Will Kill Capitalism

Technology Will Kill Your Job. And it will happen sooner than you think… by Laurent Alexandre -OpEd- PARIS — For a long time, artificial intelligence was little more than science fiction — now it’s now just a matter of time until it becomes reality. The boom of computing capabilities have seen the power of servers multiplied a billion times over in the span of just 31 years, making it likely that an artificial intelligence superior to our own will emerge in the coming decades.The GAFA (Google, Apple, Facebook and Amazon) Internet giants, as well as IBM, have all been investing massively in the … Continue reading Artificial Intelligence Will Kill Capitalism

OBESITY MACHINE: HOW THE PROCESSED FOOD INDUSTRY PROFITS FROM EATING DISORDERS

Dr. Tim Coles, New Dawn Waking Times Scientists, politicians, media, and health professionals note that Western countries face obesity and fatness epidemics. Large numbers of poor, malnourished children are obese because the cheap, processed, low-nutrient food bought by their parents – bread, cereals, snacks, etc. – contains high concentrations of sugars. In addition to the systemic factors explored below, there are darker, more secretive reasons for our addiction to what the late philosopher-comedian George Carlin called “slow death by fast food.” But it is not just fast food. To save money on raw materials, sell innovation to other companies, and hook … Continue reading OBESITY MACHINE: HOW THE PROCESSED FOOD INDUSTRY PROFITS FROM EATING DISORDERS

BILL GATES AND THE UNCERTAIN FUTURE OF FOOD SECURITY

Dustin Broadbery, The Cogent Waking Times As we approach a winter of discontent and global food systems go from bad to worse, there’s trouble in paradise. At the root of these problems, government responses to COVID-19 have contributed to a six-fold increase in famine-like conditions as global supply chains collapse, and field trials for gene-edited crops and farm animals begin in the UK. Against this perfect storm, the UN’s World Food Systems Summit convened last month, with Member States joining the private sector, civil society groups and researchers, to bring about “tangible, positive changes” to the world’s food systems, and as the story goes, “drive recovery from COVID-19.” But even … Continue reading BILL GATES AND THE UNCERTAIN FUTURE OF FOOD SECURITY

THE SICKNESS INDUSTRY: HOW BIG PHARMA INVENTS CRISES & NORMALISES DEPENDENCY

by Dr. Tim Coles, New Dawn Waking Times The pharmaceutical industry is worth $1 trillion, half of which comes from US-based sales. The alternative health industry, by comparison, is worth just $59bn. Big Pharma bribes doctors, dominates advertising, and drives the anti-natural health narrative. The biggest, multibillion-dollar companies are Pfizer (US), Novartis (Switzerland), Roche (Switzerland), Johnson & Johnson (J&J US), Merck & Co. (US), Sanofi (France), GlaxoSmithKline (GSK UK), AbbVie (US), Takeda (Japan), and AstraZeneca (UK-Sweden). The bulk of their profits come from prescription drugs. Big Pharma kills people in two ways: 1) pricing life-saving drugs out of the market and … Continue reading THE SICKNESS INDUSTRY: HOW BIG PHARMA INVENTS CRISES & NORMALISES DEPENDENCY

Making a Living

The history of what we call work. By Aaron Benanav We have named the era of runaway climate change the “Anthropocene,” which tells you everything you need to know about how we understand our tragic nature. Human beings are apparently insatiable consuming machines; we are eating our way right through the biosphere. The term seems to suggest that the relentless expansion of the world economy, which the extraction and burning of fossil fuels has made possible, is hard-wired into our DNA. Seen from this perspective, attempting to reverse course on global warming is likely to be a fool’s errand. But is … Continue reading Making a Living

How to avoid making ‘permanent mistakes’ with your money: Financial psychologist

by Ryan Ermey If you’re headed for a divorce, you may be headed for worse outcomes in your portfolio as well. At least, that’s what a working paper from researchers at UCLA suggests. The researchers studied the habits of stock traders in Finland, a country that provides useful data on this front because couples there rarely have joint investing accounts. The most active traders among the investors, all of whom divorced between 2000 and 2014, did well for themselves in the 4 to 5 years prior to their breakups: Stocks they bought gained an average of 8.9%, while stocks they sold gained … Continue reading How to avoid making ‘permanent mistakes’ with your money: Financial psychologist

It Is No Longer Glorious To Get Rich In China

China’s “socialist market economy” won’t mimic Western-style capitalism just as democracy has not followed from prosperity. BY NATHAN GARDELS – Nathan Gardels is the editor-in-chief of Noema Magazine. “To get rich is glorious,” China’s then paramount leader, Deng Xiaoping, declared at the outset of China’s “reform and opening up” in the 1980s. This was his provocative rejoinder in those days to the just-vanquished Gang of Four and others in the Cultural Revolution who had long castigated his views on rapid development as “taking the capitalist road.” In the ensuing decades, the robust enterprise Deng unshackled was a key factor, along with … Continue reading It Is No Longer Glorious To Get Rich In China

South African brothers disappear with $3.6 billion worth of stolen bitcoin

by: Franz Walker (Natural News) A pair of South African brothers have vanished, taking with them $3.6 billion worth of bitcoin from the cryptocurrency investment platform they put up. A Cape Town law firm hired by investigators says it is unable to find Ameer and Raees Cajee, founders of Africrypt, the country’s largest cryptocurrency exchange. The firm has since reported the matter to the Hawks, an elite unit of South Africa’s police force. It has also told crypto exchanges around the world to be on the lookout should anyone try to sell the digital currency on their platforms. Largest crypto scam in history … Continue reading South African brothers disappear with $3.6 billion worth of stolen bitcoin

Want to Get Rich? Science Says People Most Likely to Build Exceptional Wealth Possess 5 Fundamental Personality Traits

Wealthy people tend to be stable, flexible, able to make independent decisions, and more focused on themselves than others (but in an oddly positive way.) BY JEFF HADEN@JEFF_HADEN “Wealth consists not in having great possessions,” the Stoic philosopher Epictetus once said, “but in having few wants.” Sounds wise. But that doesn’t keep people from wanting to be rich. Even though we all define wealth and success differently, most of us factor at least some degree of wealth into our success equations. (If nothing else, money creates choices.)  So how, if financial success is your goal, can you get rich? Science says the answer lies not just in … Continue reading Want to Get Rich? Science Says People Most Likely to Build Exceptional Wealth Possess 5 Fundamental Personality Traits