Ever wondered why retailers price goods at $4.99 rather than $5.00? Here is the best scientific explanation I read:
Why Things Cost $19.95, by Wray Herbert, SciAm Mind Matters: ...[M]ost of us are motivated by the desire for a fair deal, and we employ some sophisticated cognitive tools to weigh offers, fashion responses, and so forth—all the to-and-fro in getting to an agreement.
Mr Prasad had saved up for his old age (Pictures: Prashant Ravi)
A trader in the Indian state of Bihar has lost his life savings after ter
WELLINGTON (Reuters) - Children in a New Zealand school have been banned from bringing cakes to share on their birthdays, due to new government healthy eating guidelines.
Pupils at Oteha Valley primary school north of Auckland have been told they are allowed to celebrate their birthdays, but the cake must stay at home, the New Zealand Herald newspaper reported.
The Ministry of Education has been on a fat-busting crusade, introducing sweeping guidelines against unhealthy food in New Zealand schools.
SAN FRANCISCO — They work long hours, often to exhaustion. Many are paid by the piece — not garments, but blog posts. This is the digital-era sweatshop. You may know it by a different name: home.
A growing work force of home-office laborers and entrepreneurs, armed with computers and smartphones and wired to the hilt, are toiling under great physical and emotional stress created by the around-the-clock Internet economy that demands a constant stream of news and comment.
Voting as a rational decision, by Andrew Gelman and Noah Kaplan, Vox EU: About fifteen years ago, I attended a lecture by venerable pollster Mervyn Field, who told us that when he started in the business in the 1950s, there was a lot of concern about nonvoters. What was going on with these people who were too alienated to participate in society in this most basic way? But, recently, Field continued, the question has become, Who are these “voters”? What makes them tick?
How does globalization reshape wealth and opportunity around the world? Is it mainly a force for good, enabling poor nations to lift themselves up from poverty by taking part in global markets? Or does it create vast opportunities only for a small minority?
To answer these questions, look no farther than soccer. Ever since European clubs loosened restrictions on the number of foreign players, the game has become truly global.
The law may temper the freewheeling nature of the Internet after all.
The 9th U.S. Circuit Court of Appeals decided Thursday that a website may be found liable for violating fair housing laws by matching roommates according to gender, sexual orientation and parenthood.
Federal law protecting websites "was not meant to create a lawless, no-man's land on the Internet," the court in San Francisco said in an 8-3 ruling.
It has long been a mystery of Aztec arithmetic: What is three arms plus five bones?
Now researchers know: Five hearts.
The odd symbols had been noted for centuries - thousands of them appear in Aztec property registries that were created around 1540. But no one knew value of the symbols or how they were used to represent the size of land plots for tax assessment and other purposes.
ALLEGAN, Mich. - Is fifth-grader Kenton Stufflebeam smarter than the Smithsonian? The 11-year-old boy, who lives in Allegan but attends Alamo Elementary School near Kalamazoo, went with his family during winter break to the Smithsonian Institution's National Museum of Natural History in Washington.