Tuesday, March 19, 2013

It's in the cards: Human evolution influences gamblers' decisions

Mar. 18, 2013 ? New research from an international team of scientists suggests evolution, or basic survival techniques adapted by early humans, influences the decisions gamblers make when placing bets.

The findings may help to explain why some treatment options for problem gamblers often don't work, the researchers say.

For the study, recently published in Frontiers in Psychology, scientists from McMaster University, the University of Lethbridge and Liverpool John Moores University examined how gamblers made decision after they won or lost.

They found that, like our ancestors, the gamblers relied on their past experiences to predict what might happen in the future. But in games of chance where the outcome is completely random, this strategy doesn't work.

"If you are tossing a coin and it turns up heads five times in a row, we have this strong feeling that it will turn up tails on the sixth try," explains Jim Lyons, an associate professor of kinesiology at McMaster University and lead researcher on the project. "But the chances are still exactly 50-50."

"The results of our work suggest, perhaps for the first time, that certain aspects of problem gambling behaviour may be related to hard-wired, basic neurobiological factors related to how we direct our attention," he says.

Researchers conducted two experiments to test their theory.

First, participants were asked to observe two targets being illuminated in random sequence. The researchers then gave them money to bet on which target would be illuminated.

Participants maintained the amounts of their bets regardless of whether they won or lost. But in instances where they won, they were more likely to move their bets to the other target for their next wager.

In a second experiment, participants undertook the same test with a partner. Like the first experiment, players maintained the amount of their bets regardless of whether they won or lost. If their partner correctly guessed a target, they were more likely to move on to the next target when their turn came.

Dan Weeks, a psychology researcher at the University of Lethbridge, says humans have evolved to modify their behaviour based on what they experience in the context of their location.

"Humans make rational decisions on a day-to-day basis based on experience. Think about someone picking apples in an orchard. Once the apples from the first tree are picked, it is a rational decision to move on to the next tree," he says.

"These are also important findings because they suggest that, at least in some cases, these behaviours might be resistant to current behavioural intervention strategies," says co-author Digby Elliott, professor of motor control and behavioural neurosciences at Liverpool John Moores University and professor emeritus at McMaster.

Next, the team plans to examine how this sort of behaviour may change as we age, since evidence suggests problem gambling can be particularly acute in the elderly.

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The above story is reprinted from materials provided by McMaster University.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. James Lyons, Daniel J. Weeks, Digby Elliott. The Gambler?s Fallacy: A Basic Inhibitory Process? Frontiers in Psychology, 2013; 4 DOI: 10.3389/fpsyg.2013.00072

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/strange_science/~3/2AnwurvFen8/130318104745.htm

Rove mocks Palin. Who'll win this feud?

Rove mocks Palin on 'Fox News Sunday,' following her CPAC speech where Sarah Palin took on Karl Rove, the GOP strategist, without mentioning him by name. Is this a real or mock feud? It seems prone to framing as a high school spat.

By Peter Grier,?Staff writer / March 18, 2013

Republican strategist Karl Rove gestures while at a luncheon at the California Republican Party convention, in Sacramento, Calif., earlier this month.

Rich Pedroncelli/AP

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Karl Rove on Sunday hit back at Sarah Palin for suggesting he?s a clueless apparatchik who should stop trying to vet GOP candidates and instead run for office himself.

Skip to next paragraph Peter Grier

Washington Editor

Peter Grier is The Christian Science Monitor's Washington editor. In this capacity, he helps direct coverage for the paper on most news events in the nation's capital.

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Mr. Rove on ?Fox News Sunday? sarcastically thanked Ms. Palin for her encouragement that he should throw his hat in the ring in his native Texas but added, ?I don?t think I?m a good candidate: [I?m] kind of a balding, fat guy. And second, if I did run for office and win, I would serve out my term, and I wouldn?t leave office midterm.?

We see what you?re doing there, Karl. You?re calling ex-Governor Palin a quitter. She resigned her office midway through her first term, in 2009, in case you?ve forgotten. She?d had a taste of the political big time via the losing 2008 McCain-Palin campaign and decided it was time to leave Alaska to get ready for her next political adventure ? which, as Rove noted, does not appear to involve running for office herself.

So it?s on! Why does this feud seem particularly prone to framing as a high school spat, as if it?s the head cheerleader versus the student-body president?

Anyway, here?s the background: Rove, President George W. Bush?s political adviser, has long been a ferocious competitor who puts winning as perhaps the highest political virtue. Because of that, he has often complained out loud about Republican candidates who win primaries but he feels are unsuited for general elections.

Remember Christine O?Donnell, the Delaware tea party activist who was a surprise winner of the state?s 2010 Senate primary and then got clocked in November? Remember her ?I am not a witch? ad? Rove was her vocal foe from the beginning.

?This is not a race we are going to be able to win,? Rove said on Fox while she was still celebrating her primary win.

Rove similarly complained about Todd Akin, the losing Missouri Senate candidate whose ?legitimate rape? comments turned off many swing voters.

More recently, Rove has suggested that his American Crossroads group will bankroll opponents to such tea party-backed politicians as a means to get more Republicans actually elected. It?s his view that right now, the GOP might well control the Senate as well as the House if the party had been more ruthless in candidate selection.

That?s the real split here, of course. It isn?t cheerleaders versus the math club. It?s Palin and her tea party ideology versus a more traditional Washington GOP establishment.

In her highly entertaining Conservative Political Action Conference (CPAC) speech over the weekend, Palin took on Rove over this issue without mentioning him by name.

?If these experts who keep losing elections and keep getting rehired and getting millions, if they feel that strongly about who gets to run in this party, then they should buck up or stay in the truck. Buck up or run,? Palin said. ?[They] can head on back to the great Lone Star State and put their name on some ballot ? though for their sakes, I hope they give themselves a discount on their consulting services.?

The CPAC crowd, which leans toward libertarian tea party types, ate that up. (They also loved it when she drank from a Big Gulp and made fun of New York Mayor Michael Bloomberg, but that?s another story.)

So there you have it. This split is about more than two people. In a way, it represents the struggle now going on for the heart of the Republican Party. Does the GOP have to tack with the winds, adjust its position on such issues as immigration to meet voter preferences, and become more like the Democrats to win? Or should it double down on conservative positions to better motivate America?s true believers?

All we can say is we?d love to see Palin and Rove argue this over face to face. Perhaps they could do a home-and-home reality series. In the first episode, they?d go deer hunting. First to bag a buck wins. In the second, they?d be tested on the nation?s congressional districts and the percentage of the GOP vote in each, while sitting in a D.C. office without windows or fresh air.

In the third and last episode, they?d just sit there, and viewers would phone in pledges to their favorites. The one with the biggest political-action committee at the end wins and is congratulated by the host, Stephen Colbert.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/kdJThs_fbzU/Rove-mocks-Palin.-Who-ll-win-this-feud

Budget, Iran top priorities for new Israeli government

(Reuters) - Israeli Prime Minister Benjamin Netanyahu's new government will face the immediate task of passing an austerity budget and the time-sensitive challenge of preventing what it believes is Iran's drive to develop nuclear weapons.

Following is a list of the coalition's main priorities as Netanyahu started his third term in office on Monday:

PASSING A BUDGET

After clinching coalition agreements last week, Netanyahu said his government's first task would be "passage of a responsible budget" - shorthand for widely expected spending cuts and tax rises.

The budget deficit rose to 4.2 percent of gross domestic product in 2012 - double the original target. It was cabinet infighting over the 2013 budget that led Netanyahu to call an early election.

Pending a parliamentary vote on Tuesday that is expected to pass comfortably, Netanyahu now has 135 days to pass a budget or face another general election. In one of its first decisions after taking office, his new cabinet voted unanimously to increase the period to pass the budget from 45 days.

IRAN

Netanyahu has said his government's "paramount task" would be "to stop Iran from arming itself with nuclear weapons".

Last year, Netanyahu announced a "red line" for Iran's nuclear program, saying Tehran should not be allowed to obtain 240 kg of 20 percent enriched uranium, a point it could reach, he said, by spring or summer of 2013.

It was another heavy hint from Netanyahu that Israel could attack Iran's nuclear sites. But officials and analysts say Iran has slowed its mid-level uranium enrichment to stay beneath the Netanyahu threshold.

U.S. President Barack Obama, in an interview with Israel's Channel Two television last week, said it would take Iran more than a year to develop a nuclear weapon. Tehran denies seeking atomic arms.

SYRIA

Israel is closely watching Syria's civil war, with occasional spillover mortar fire into the Israeli-occupied Golan Heights.

Netanyahu has voiced concern that Syria's chemical weapons and other advanced arms could fall into the hands of the Lebanese guerrilla group Hezbollah and al Qaeda.

In January, according to a Western diplomat and a source among Syrian rebels, Israeli planes bombed a convoy near Syria's border with Lebanon carrying weapons to Hezbollah.

ISRAELI-PALESTINIAN PEACE

Netanyahu has said that Obama's visit this week[ID:nL6N0C7GUO] would put the Israeli-Palestinian peace issue on his new government's agenda earlier than expected.

Beyond an oft-repeated call to the Palestinians to return to peace talks they abandoned in 2010 over Israeli settlement-building in the occupied West Bank, Netanyahu has not voiced any new ideas on how to restart the negotiations.

Israel's new housing minister, a settler himself, said on Sunday the cabinet would keep expanding settlements to the same extent as Netanyahu's previous government.

(Reporting by Jeffrey Heller; Editing by Robin Pomeroy)

Source: http://news.yahoo.com/budget-iran-top-priorities-israeli-government-222207348--business.html

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Monday, March 18, 2013

10 cities where it's better to rent than to buy

Sending in that rent check every month can feel like you?re flushing money down the drain. You?re paying for a roof over your head, but it?s hard to compete with buying a home and building equity.

But as it turns out, renting for a few years may make perfect financial sense.

Zillow?s break-even horizon metric measures the number of years after which buying a home is more financially advantageous than renting. This period of time is calculated by comparing the net costs of buying a house with the costs of renting the same home. From here, average and median break-even horizons are computed at the city and metro levels.

Based on Zillow?s break-even horizon data and average home values across the U.S., here?s a look at the top 10 big cities where renters have the edge:

No. 10: Nashville, Tenn.
Break-even horizon: 2.6 years*
Zillow Rental Index: $1,190*
Annual change in Zillow Rent Index: 3.8 percent*

The Nashville housing market has held up fairly well, but it still takes 2.6 years before buying pays off more than renting. The Zillow Home Value Index increased 6 percent year-over-year to $140,000 in December 2012. Meanwhile, the Zillow Rent Index (ZRI) was up 3.8 percent. By comparison, Memphis home values were down 3.5 percent, and rental rates were flat, according to Zillow Chief Economist Stan Humphries.

No. 9: Austin, Texas
Break-even horizon: 2.7 years*
Zillow Rental Index: $1,516*
Annual change in Zillow Rent Index: 6.2 percent

As 2012 came to a close, the Austin real estate market continued to improve with a median home value of $209,900, a 4.7 percent increase. The rental market also looked favorable with the ZRI reporting a 6.2 percent rise.

No. 8: Denver, Colo.
Break-even horizon: 2.8 years*
Zillow Rental Index: $1,468
Annual change in Zillow Rent Index: 9.3 percent

Denver is seeing double-digit growth in its median home value, up 14.1 percent to $233,700 as of December 2012. While the Denver housing market is doing well, it takes 2.8 years for owning a home to make the most financial sense. In the meantime, the skiing and dining mecca is a renter's paradise.

No. 7 (tie): San Jose, Calif.
Break-even horizon: 3.3 years*
Zillow Rental Index: $2,513*
Annual change in Zillow Rent Index: 4.5 percent

Humphries says that with more than 6,600 technology companies in San Jose, people prefer to buy. With a median annual income topping $92,500 and a median home value of $544,600, buying a home in San Jose is definitely in the cards. But with the housing market doing well, the break-even horizon in San Jose is unsurprisingly more than three years. For technologists moving to Silicon Valley for the first time, it makes financial sense to rent until you know you?ll be in tech central for longer than 3.3 years.

No. 7 (tie): Los Angeles, Calif.
Break-even horizon: 3.3 years*
Zillow Rental Index: $2,311*
Annual change in Zillow Rent Index: 2.3 percent

Tied with San Jose, the Los Angeles market has the same break-even horizon of 3.3 years. However, the two California markets are quite different. While San Jose is benefiting from a high employment rate, unemployment dominates in L.A. Home prices also fell about 35 percent from peak to trough, making L.A. overall more affordable for home buyers, Humphries says. This doesn?t mean it?s cheap, though. The median home value was still up 9.7 percent at $399,800 as of December 2012.

No. 6: San Diego, Calif.
Break-even horizon: 3.4 years*
Zillow Rental Index: $2,116
Annual change in Zillow Rent Index: 2.9 percent

Beach living just got brighter with the median San Diego home value up 11 percent from a year ago at $404,100. ?If you want to move into housing, it looks more affordable now than it has in the past,? Humphries said.

No. 5: Portland, Ore.
Bre
ak-even horizon: 3.6 years*
Zillow Rental Index: $1,423*
Annual change in Zillow Rent Index: 8.6 percent
Homes sold at a loss: 21.49 percent

The No. 1 city for bike commuters in the U.S., Portland is home to a new wave of urban dwellers.This is fitting considering that Portland is a city where it is in your favor to rent. Meanwhile, the median home value in the city rose 8.8 percent to $257,400.

No. 4 (tie): Washington, D.C.
Break-even horizon: 3.7 years*
Zillow Rental Index: $2,439*
Annual change in Zillow Rent Index: 7 percent

According to Humphries, the Washington, D.C., housing market is seeing a lot of new construction interest, both in single-family and multifamily homes. This is not surprising considering the area?s government jobs, as well as thriving health care, education and military institutions. The median home value was $402,400 as of December 2012, a 10-percent increase from the previous year.

No. 4 (tie): San Francisco, Calif.
Break-even horizon: 3.7 years*
Zillow Rental Index: $3,281*
Annual change in Zillow Rent Index: 12 percent

On par with Washington, D.C., San Francisco is also a thriving market. Perhaps unsurprisingly, the median home value tops all cities on this list at $770,600. That?s up nearly 18 percent year-over-year.

No. 3: Boston, Mass.
Break-even horizon: 3.9 years*
Zillow Rental Index: $2,299*
Annual change in Zillow Rent Index: 11.3 percent

With universities and colleges galore, Boston is home to a number of renters. And with a break-even horizon of 3.9 years, it?s rightly so. Last December, the Zillow Rental Index and Home Value Index soared more than 11 percent year-over-year in the Boston real estate market.

No. 2: Seattle, Wash.
Break-even horizon: 4.3 years*
Zillow Rental Index: $1,850*
Annual change in Zillow Rent Index: 4.7 percent

Surrounded by water, Seattle offers extraordinary views for renters and homeowners alike. But prime Seattle waterfront property comes with a hefty price tag, considering the median home value was $392,200 as of December, a 12.6 annual increase. With a break-even horizon of 4.3 years, though, renting may be a better choice for the short run.

No. 1: New York, NY
Break-even horizon: 5 years*
Zillow Rental Index: $2,016*
Annual change in Zillow Rent Index: 19.4 percent

Renters in the Big Apple shouldn?t feel rushed into buying. Unless you plan on staying put for at least five years, it actually makes more financial sense to rent an apartment in the heart of the city. The median home price for New York stayed at $462,500, and the rent index rose to $2,016 as of December 2012. Although nearby Manhattan is a different story, New York proper is a renter's market.

*ZRI and ZHVI median figures show year-over-year percentage change for December 2012. The break-even analysis was done using data through September 2012. Home loss figures are for December 2012.

**It?s not possible to accurately calculate the home-loss figure for Austin due to public-records laws in Texas.

Related:

? 2006-2013 Zillow Inc., All Rights Reserved

Source: http://www.nbcnews.com/business/10-cities-where-its-better-rent-buy-1C8876163

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As U.S. drone monopoly frays, Obama seeks global rules (reuters)

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Sunday, March 17, 2013

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In India, Traditional Baby Shower Educates Young, Pregnant Women

Leon Kaye?traveled to India in 2013 with the International Reporting Project. He is the founder and editor of?GreenGoPost.com, where this post originally appeared.?

On Monday I visited Holumbi Khurd, a colony outside of New Delhi, India. On the edge of India?s agricultural riches and in the shadows of a new industrial complex in North Delhi, many of Holumbi Khurd?s residents were relocated here from other urban slums slated for demolition. Life for everyone is rough to say the least, including for women and children.

Prenatal health and childhood nutrition are key issues in this district, and NGOs such as Child Survival India have an uphill battle to prevent early child deaths. One way in which Child Survival India?s staff educates young pregnant women is by leveraging the ?Godh Bharai,? a traditional baby shower ceremony. Such tactics are a way to build trust without appearing to be didactic lectures from yet another pushy group of outsiders.

During our brief visit, three young pregnant women received a bevy of gifts from their neighbors. Included in the gifts were nutritious foods such as legumes, dark leafy greens and certain fruits, each of which a peer introduced to the women with lessons on why these foods were important. Our visit was brief, but I was able to film a short bit on my iPhone while they broke out in song. The women, of course, looked beautiful.

?

Source: http://www.impatientoptimists.org/Posts/2013/03/In-India-Traditional-Baby-Shower-Educates-Young-Pregnant-Women

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