Carnegie Mellon University
Statement from Carnegie Mellon
Sunday, December 20, 2015

Statement from Carnegie Mellon

While the recent story on food choices has been portrayed with less precision by some outlets, Carnegie Mellon and Paul Fischbeck, the senior researcher on this project, stand by the research published in Environment Systems and Decisions and how the research was described in the university's press release. The purpose of the press release was to note the difference in greenhouse gas emissions between lettuce and bacon to highlight the complicated relationship that exists between food and the environment.
Thursday, December 17, 2015

Even With 24/7 Access, “Ostrich Effect” Takes Over When Markets Are Down

CMU's George Loewenstein and Duane Seppi first introduced the "ostrich effect" in 2009 to describe how investors "put their heads in the sand" to dodge facing their financial portfolios when they're expecting bad news. The new data documents that ostrich behavior is widely prevalent, even with today's around-the-clock access to financial information.
Thursday, December 17, 2015

Health Insurance Complexity Leads to Costly Mistakes

While insurance exchanges were designed to benefit consumers by offering more plan choices, for many people, selecting a health plan is a source of confusion and stress. CMU behavioral economists Saurabh Bhargava and George Loewenstein discuss the implications in JAMA.
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