New method predicts optimal prices in uncertain times
Setting the right price for goods or services is essential for just about any business. Prices that are too low can reduce profits. Prices that are too high can drive away customers and lead to losses. Artificial intelligence (AI) deep learning models can help businesses find the elusive sweet spot...
Industry experience pays off in corporate audits, study finds
Corporations that partner with auditors who specialize in the company’s industry reap cost savings and get a better picture of their finances, while auditors who “low-ball” their fees to compensate for a lack of experience by hiking their fees in subsequent years and produce lower-quality audits, a new study has...
Manliness concerns impede forgiveness of coworkers
The more men are concerned about appearing masculine, the less likely they will forgive a co-worker for a transgression such as missing an important meeting, a study led by UCR business professor Michael Haselhuhn has found. What’s more, such men are also more likely seek revenge or avoid the transgressor...