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Life Technology™ Medical News

Sodium Overload Aggravates High Blood Pressure

Researchers Unlock Naturalistic Speech Restoration for Severe Paralysis

Yale Study: Virtual Learning Impact on Medical Students

"Tobacco Control Study: Impact of 2023/24 Bill Amendments"

Optimal Oxygen Levels for Critically Injured Patients

Importance of Eating and Cooking for Health

Study Reveals Cold Water Acclimation Effects on Cell Health

Understanding the Impact of Cortisol on Social Media

Revolutionizing Dentistry: Deep Learning Model Identifies Tooth and Sinus Structures

Semaglutide: Effective Against Weight Gain & High Blood Sugar

New Research: Importance of Mentoring for New Mothers

New Method Enhances Treatment for Severe Aortic Stenosis

Chatgpt and Global Health: Unlikely Solution

Personalized Treatment for Gastroesophageal Cancer: Promising Trial

Scientists Uncover Surprising Virus Behavior

Heart Medications' Impact on Cardiovascular Events in Women

Emory University Study Reveals Musician Suicide Risks

Clopidogrel Outperforms Aspirin in Post-PCI Cardiac Care

Study by Intermountain Health: Screening for Heart Disease

Understanding Vicarious Fear: The Neurological Impact

NIH Employee's Concerns Post Trump Election

Elite Athletes' Gut Microbiota Boosts Mouse Insulin Sensitivity

Northern Arkansas Towns Defy State Law on Water Fluoridation

Legionella Bacteria Found in Maryland Facilities

Recovering from Long COVID: Shantell Williams' Journey

Utah Becomes First State to Ban Fluoride in Drinking Water

Rise in Use of Ozempic and Zepbound Raises Safety Concerns

Norovirus: Leading Cause of Vomiting and Diarrhea

Medicaid Rules Hinder Disability Employment

Rising Cannabis Use in Pregnancy: Study Findings

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Life Technology™ Science News

Climate Change Impacts on Plant Life in Urban Heat Islands

Survey Reveals Concerns: UK Youth Fear for Democracy

Unveiling the Role of Nuclear Pore Complexes in Cell Function

Legal Psychedelic Therapy Programs in Colorado and Oregon Spark Research Interest

Plate Temperature and Water Release Influence Earthquake Types in Guerrera, Mexico

Alt. Leather Team Achieves Perfect Leather-Like Result

Genetic Mutation Boosts Energy in Horses

Marine Scientists Discover Trawling Impact on Ocean Alkalinity

Arctic Ocean Current Threatened by Climate Change

Scientists Warn of Fossil Fuel Industry Threats

New Nanomechanical Sensor Array Detects Complex Gases

AI Tool Identifies Species Spreading Viruses

Rivers and Streams: Sources of Greenhouse Gases

New Method to Uncover Climate Change Impact on Biodiversity

Role of Dead Trees in Carbon Storage: UVM Study Unveils Surprising Findings

Newly Described Plesiosaur Fossil Reveals Early Jurassic Diversification

Venus Revealed: Surprising Geologic Activity Unveiled

Astronomers Discover Colliding-Wind Binary System

Floods Reshape Southern Brazil: Study Reveals Impact on 2.3M People

Gov. Newsom Suspends California Environmental Laws for Rebuilding

University of Alberta Researchers Engineer Red Yeast for High-Value Fatty Acid

Northern Transplant Flies to Florida, Stays 20 Years, Moves On

California to Track Greenhouse Gas Emissions with Satellite Tech

Toxic Tire Dust Threatens Coho Salmon: King County Scientists' Breakthrough

SpaceX Launches First Human Spaceflight Over Earth's Polar Regions

Unexpected Superconducting Transition in Thin Niobium Diselenide

The Dominance of Single-Celled Organisms

New Modeling Tool to Protect Seabirds from Offshore Wind Farms

Banks' Response to Regulatory Sanctions: Riskier Business Practices

Rising Concerns Over Scientific Fraud and Retractions

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Life Technology™ Technology News

Myanmar Earthquake Exposes Regional Building Code Gaps

AI Chatbots' Truthfulness Enhanced with Chain of Thought Windows

Apple Inc. Progresses on New Office Complex in Culver City

Hackers Breach Oracle Systems, Steal Patient Data

Nokia Settles Patent Dispute with Amazon

Trump Confident in TikTok Deal Before April 5 Deadline

France Fines Apple 150 Million Euros for Privacy Feature

Microsoft: Tech Titan Founded by Gates & Allen

Microsoft's Ubiquitous Desktop Software: Decades of Impact

Japan's Bid for Hydrogen Fuel Leadership at Risk

Evolution of Microsoft Leadership in Tech Industry

Japan to Inject $5 Billion into Semiconductor Venture

Microsoft: Tech Stalwart in Computing

Huawei Reports 28% Profit Drop in 2024

Researchers Develop Ultra-Thin Membrane for Laser-Powered Spacecraft

Robotic Systems Inspired by Quadruped Animals

Apple's Generative Artificial Intelligence Strategy: A Bungle?

Amazon Disables Privacy Features in Alexa for AI Advancements

Tunisian Workshop Transforms Olive Waste into Energy

Elon Musk Sells Social Media Site X to xAI for $33 Billion

Columbia Engineering Researchers Use DNA to Create 3D Devices

Researchers Develop High-Speed Doctor-Blading Technique for Efficient Organic Solar Cells

Photovoltaic Systems Boost Global Energy: Optical Tech Advancements

"Carve-DL Project: AI Solution for Data Recovery Challenges"

Unveiling Platform Success Secrets: Doctoral Insights

Hydrogen Emerges as Key Energy Source

How AI Enhances Brownie Evaluation for Food Development

Navigating the Unknown: AI Development Challenges

NUS Study: Silicon Transistor Mimics Biological Neuron

China Leads Global Wind Energy Race

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Friday, 17 January 2020

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Small economic gambles are insignificant when large background uncertainty is considered

The decision to buy a lottery ticket, gamble on a stock, or buy an insurance policy often comes down to an assessment of risk. How much do I have to lose or gain? For centuries, economists have debated about when somebody should take or walk away from a bet. Now, in new research from Caltech and Yale University, economists are weighing in on the conversation with new mathematical arguments that take a person's overall uncertainty in life into account. The results show that when somebody's overall uncertainty—or "background uncertainty"—is large enough compared to a particular small gamble, then the risk of the gamble becomes less significant.

* This article was originally published here
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