Category Archives: Economy

‘Harmless’ cheating in the lab linked to misbehavior in real life

ANN ARBOR — Breaking the rules.

Almost daily we hear about someone who has cheated to get ahead—students using a study app to get answers for a final exam, two more auto companies caught fudging on emissions data, and Facebook employees fired for taking private user data for the purposes of stalking. (more…)

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A truly free market could reinvigorate democracy, book argues

Prof. Eric Posner rethinks capitalism in pursuit of a more just society

Picture a society in which property is put to its most productive and valuable use rather than being held indefinitely by its richest citizens, and voters are able to cast ballots that reflect not only their interests but the intensity of those interests. (more…)

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Wealth loss after 50 can be deadly

ANN ARBOR — A sudden loss of wealth in middle or old age can be financially devastating—and fatal.

According to a University of Michigan study, adults in their 50s and older who suffer a catastrophic loss of wealth have a 50-percent higher risk of dying than those who do not have such loss. The effect can last for two decades, and whether participants are very wealthy or have only modest savings makes no difference. (more…)

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