ANN ARBOR — An open question as the newspaper industry struggles with declining revenues and profits is whether online ads cannibalize print advertising.
New research from S. Sriram, assistant professor of marketing at the University of Michigan Ross School of Business, finds that’s not the case. Analyzing five years of data from a top newspaper showed less than 8 percent of the print advertising decline was due to a shift to online ads on the paper’s website. (more…)
Robert J. Shiller, the Sterling Professor of Economics at Yale University, has been awarded a Nobel Prize in Economic Sciences. He shares the award — formally, the 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — with Eugene F. Fama and Lars Peter Hansen from the University of Chicago. According to the Nobel committee, the three were honored “for their empirical analysis of asset prices.”
Shiller, whose name became a household word with the wide use of the Case-Shiller Home Price real estate Index, came to national prominence with the publication in 2000 of “Irrational Exuberance.” The book, which quickly became a bestseller, described speculative bubbles fueled by mass misinformation and herd instinct, and accurately predicted the dot.com implosion. As early as 2003, Shiller warned of the housing market collapse, and later wrote a precept for recovery, “Subprime Solution: How the Global Financial Crisis Happened and What to Do about It.” (more…)
ANN ARBOR — Here’s some neighborly advice for adults over age 50: Stay friendly with your neighbors.
A new University of Michigan study shows that adults in this age bracket who live in a good neighborhood with trustworthy people lowered their risk of stroke up to 48 percent.
Feeling connected with neighbors builds what researchers describe as “neighborhood social cohesion.” The trust and connection with neighbors was associated with a reduced risk of stroke above and beyond the effects of negative psychological factors—such as depression and anxiety, said Eric Kim, a doctoral student in the U-M Department of Psychology and the study’s lead author. (more…)
ANN ARBOR — University of Michigan researchers and their University of Hawaii colleagues say they’ve solved the longstanding mystery of how mercury gets into open-ocean fish, and their findings suggest that levels of the toxin in Pacific Ocean fish will likely rise in coming decades.
Using isotopic measurement techniques developed at U-M, the researchers determined that up to 80 percent of the toxic form of mercury, called methylmercury, found in the tissues of deep-feeding North Pacific Ocean fish is produced deep in the ocean, most likely by bacteria clinging to sinking bits of organic matter. (more…)
ANN ARBOR — In a long-buried Italian city, archaeologists have found a massive monument that dates back 300 years before the Colosseum and 100 years before the invention of mortar, revealing that the Romans had grand architectural ambitions much earlier than previously thought.
The structure, unearthed at the site known as Gabii, just east of Rome, is built with giant stone blocks in a Lego-like fashion. It’s about half the size of a football field and dates back 350-250 years BCE. It’s possibly the earliest public building ever found, said Nicola Terrenato, a University of Michigan classics professor who leads the project—the largest American dig in Italy in the past 50 years. (more…)
ANN ARBOR — Facebook helps people feel connected, but it doesn’t necessarily make them happier, a new study shows. Facebook use actually predicts declines in a user’s well-being, according to a University of Michigan study that is the first known published research examining Facebook influence on happiness and satisfaction.
The study about the use of Facebook, a free networking website, appears online in PLOS ONE.
“On the surface, Facebook provides an invaluable resource for fulfilling the basic human need for social connection,” said U-M social psychologist Ethan Kross, lead author of the article and a faculty associate at the U-M Institute for Social Research. “But rather than enhance well-being, we found that Facebook use predicts the opposite result—it undermines it.” (more…)
ANN ARBOR — Smart people are just as racist as their less intelligent peers—they’re just better at concealing their prejudice, according to a University of Michigan study.
“High-ability whites are less likely to report prejudiced attitudes and more likely to say they support racial integration in principle,” said Geoffrey Wodtke, a doctoral candidate in sociology. “But they are no more likely than lower-ability whites to support open housing laws and are less likely to support school busing and affirmative action programs.” (more…)
ANN ARBOR — The remains of the earliest European fort in the interior of what is now the United States have been discovered by a team of archaeologists, providing new insight into the start of the U.S. colonial era and the all-too-human reasons spoiling Spanish dreams of gold and glory.
Spanish Captain Juan Pardo and his men built Fort San Juan in the foothills of the Appalachian Mountains in 1567, nearly 20 years before Sir Walter Raleigh’s “lost colony” at Roanoke and 40 years before the Jamestown settlement established England’s presence in the region. (more…)
