Behavioural economics is turning traditional notions of risk on their head.
People aren’t the perfectly rational, number-crunching risk-takers that traditional theory suggests. Research shows a whole variety of factors feed into risk-taking.
Will it be only a few decades before Mars tourism is a reality?
Musk’s audacious plan to blast people to Mars by 2024 glosses over some important social and political challenges that SpaceX will need to successfully navigate to get off the ground.
Healthy choices are more complicated than a devil-angel contest suggests.
Are healthy behaviors virtuous (and unhealthy ones sinful), or are they just like any other choice? Here’s how we could likely improve our health if we viewed choice differently.
‘Gabrielle’ the perfume harks back to Coco’s early days and the business instincts that built a global brand.
Interstate 69 in Humble, Texas is covered by floodwaters from Tropical Storm Harvey on Tuesday, Aug. 29, 2017.
AP Photo/David J. Phillip
Many people may have stayed put during Hurricane Harvey because no storm that big had struck Texas since 1961. But like New Orleans after Katrina, Texas is likely to be much better prepared next time.
In this time of global technological change and sustainability challenges, we need to increase creativity levels in the next generation, to ensure the innovations that will keep us afloat.
Technology requires humanity to innovate at a faster pace, but it also hampers true creative thinking. The good news? Nurturing creativity in children is easier than most people think.
Residents of Muong La, Son La, are left to pick up the pieces after this latest disaster.
Le Trieu Duong
Disasters may have ‘natural’ triggers but why are ethic minorities forced to live under harsh conditions that make them particularly vulnerable to catastrophes?
Bangladesh is located in a river delta, making it both fertile and extremely vulnerable to disasters. In 2007, cyclone Sidr destroyed parts of this low-lying Bangladeshi island.
Why don’t people evacuate their homes when warned of impending storm danger? To save lives, resiliency plans must understand how locals in climate-vulnerable places assess risk.
March for Science, Washington, D.C., April 29, 2017.
Why is it so hard to reach consensus about how to slow climate change? Multiple time lags get in the way: some make it hard to convey the risk, while others prolong the search for solutions.
The first U.S. offshore wind farm, near Block Island, Rhode Island, started delivering commercial electricity in December 2016.
AP Photo/Michael Dwyer
When utilities plan investments, they think decades ahead. A recent study shows why power companies should be spending more on renewables despite the Trump administration’s tilt toward fossil fuels.
Traders are less likely to follow policies when companies and co-workers are heavily profit-focused.
New research shows that pay incentives, culture and employee attitudes all contribute to the failure to comply with policies and regulations.
When children test their own boundaries in thrilling play, they develop self-confidence, resilience and risk management skills
Did you know there has never been a safer time to be a child in Canada? Research shows that kids need freedom outdoors to explore exhilaration and fear, and discover their own limits.
Edu Silva 2ev/Shutterstock
Insurers complain noisily when regulators step in to stop them charging more to some groups, but there might be a benefit to us all when a better balance is found.
A subject plays a computer game as part of a neural security experiment at the University of Washington.
BCI devices that read minds and act on intentions can change lives for the better. But they could also be put to nefarious use in the not-too-distant future. Now’s the time to think about risks.
Captain, we’re being pummeled by cosmic rays!
muratart via Shutterstock.com
The true radiation risk from commercial flying has nothing to do with security scans. A radiation expert explains how much cancer risk the most frequent of flyers take on when they take to the skies.
Women in business can be forced to define themselves in opposition to the attributes associated with men.
LIBOR continues to evoke irritation, frustration and fear – for traders, central bankers and the public.
A new study shows that adding an energy drink to alcohol increases risk-taking among young people – but the effect is imagined rather than real.
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
Will he or won’t he hit the bullseye? Using Bayes’ Theorem, your prediction will be based on how the current match is going - and how he’s played in the past.
The decisions we make in life often come down to Bayes’ Theorem, but most of us don’t even realise what it is. So how does it work?