Biomedical engineer shows how people learn motor skills
Photo by David Kilper / WUSTL PhotoThoroughman (background) and Taylor tracked the moves that people make.Practice makes perfect when people learn behaviors, from baseball pitching to chess playing to public speaking. Biomedical engineers at Washington University in St. Louis have now identified how people use individual experiences to improve performance.
Dynamic pricing in retail can boost bottom line
The right pricing strategy can keep the cash register full.Determining the right pricing strategy can make or break the overall profitability of a firm, especially during the all-important December holiday season. One such strategy, dynamic pricing, long practiced in the airline and hotel industries, is showing promise and profitability in the world of retail. When applied to products sold over a short sales season — new toys, skiwear, and the like — dynamic pricing can boost profits for a firm, say two professors of the Olin School of Business at Washington University in St. Louis.