Business
Business News from companies in Boulder, Colorado
Startup Weekend Boulder Education
Oct 6th
“Startup Weekend EDU is a 54-hour incubator where teachers, admins, IT professionals, and entrepreneurs take an idea to make Education better, and rapidly improve upon it throughout the weekend, in order to present a minimally viable product to a panel of judges by Sunday late afternoon. The goal is to make an application that improves or helps Education at any level (K-12 or higher ed). We are pleased to have a panel of prominent business and Education leaders as judges, including CEO & President of Colorado Technology Association, VP Operations for Educause, TechStars, and Charter School Growth Fund. Our mentors draw from Boulder and Denver, all of them from successful IT teams, businesses and education sectors. Early bird registration is $75 until Sept 15, or when tickets are gone! If you are looking to hone your education or entrepreneurship skills, be mentored by amazing people, and have a blast doing it, Startup Weekend EDU is for you!”
CU -R U an explanation “foe” or “fiend” when shopping?
Sep 19th
says new CU-Brown University study
The depth of explanation about novel products influences consumer preferences and willingness to pay, according to a study led by the University of Colorado Boulder and Brown University.
When it comes to descriptions about the functions of new and unusual goods — such as a self-watering plant system, special gloves for touchscreens or an eraser for wall scratches — some people prefer minimal details. Dubbed “explanation foes” in the study, they gain a strong sense of understanding and desire for products through shallow explanations.
In contrast, other people — dubbed “explanation fiends” in the study — derive desire for products from deep and detailed explanations.
“There are these two different types of consumers,” said lead author Phil Fernbach, assistant professor of marketing at CU-Boulder’s Leeds School of Business. “On these two sides, consumers differ in the amount of detail that makes them feel like they understand and — because of that feeling of understanding — the amount of detail that will make them prefer a product.”
A paper on the subject was published online today in the Journal of Consumer Research.
Researchers say the study results can help consumers make better decisions.
“We’re not making a value judgment on whether it’s better to be an ‘explanation foe’ or ‘fiend,’ ” said Fernbach. “You don’t have to want to know how stuff works, but make sure that your intuition about whether you understand a product is based on objective information and not just a feeling.”
In one part of the study, participants were given varying explanations of a new tinted food wrapper product. “Explanation foes” highly rated their understanding and preference for the item when they read a simple description of how its “white coloring protects food from light that causes it to spoil, thereby keeping food fresh for longer.”
“Explanation fiends” highly rated their understanding and preference for the food wrapper when they read a more detailed description of how “atoms in the tinting agent oscillate when hit by light waves causing them to absorb the energy and reflect it back rather than reaching food, where it would break the bonds holding amino acids together, thereby keeping food fresh for longer.”
The study also found that “explanation foes,” who are more common, tend to have an inflated sense of understanding about novel products. Their heightened perception disappears and their willingness to pay decreases when they attempt to explain how a product works.
Conversely, “explanation fiends” tend to have a more conservative sense of understanding about novel products. For them, attempting to explain how a product works does not have a negative effect on their sense of understanding and their opinion of the product stays the same or increases, according to the study.
Attitudes toward explanation were predicted by a cognitive reflection test that measures how much people naturally engage in deliberative thinking. Each test question elicits an intuitive but incorrect answer and participants who impulsively respond tend to err. These participants are the “explanation foes” who prefer less explanation.
In contrast, those who inhibit their initial responses to the cognitive reflection test and think more deeply tend to correctly answer. These participants are the “explanation fiends” who prefer more in-depth descriptions.
While the study can help consumers with better decision-making, it also yields advice for marketers.
“Marketers should target these different consumer groups with different types of explanations,” said Steven Sloman, a study co-author and professor of cognitive, linguistic and psychological sciences at Brown University.
Robert St. Louis and Julia Shube also were co-authors of the study. They were undergraduate students at Brown during the research. Unilever, a consumer goods company, supported the study.
County releases draft Land Use Code regulations for oil and gas development
Sep 17th
Planning Commission to review regulations on Sept. 24
Boulder County, Colo. – Boulder County has drafted a set of proposed Land Use Code regulations for oil and gas development in unincorporated Boulder County and is actively seeking review and comment from the public, industry and state agencies.
The draft regulations are available for review on the county’s Oil and Gas Development webpage.
What: Public hearing on the Draft Development Plan Review regulations addressing oil and gas development within the county’s Land Use Code
When: Monday, Sept. 24, 4 p.m.
Where: Boulder County Courthouse, third floor, 1325 Pearl St., Boulder
Land Use staff will present the proposed regulations to the Planning Commission, which will then consider public comments and provide recommendation to the Board of County Commissioners or provide further direction to staff.
Public testimony will be taken at the hearing (each speaker is allowed 3 minutes). Written comments are also encouraged and can be emailed tocommissioners@bouldercounty.org or submitted to staff in hard copy at the hearing.
The goal of the draft regulations is to work within the authority provided to counties and enact the most protective land use regulations possible for new oil and gas development. Boulder County recognizes the extent of state authority over these operations and seeks to create local regulations that harmonize with state regulations.
Topics addressed in the regulations include avoidance and mitigation of impacts to the county’s air and water quality, transportation system and environmental resources. The regulations also address land use compatibility issues and emergency response.
“These draft regulations are an important part of our multifaceted approach to addressing the issues associated with oil and gas development in unincorporated Boulder County,” Commissioner Cindy Domenico said. “We are seeking feedback so that we can enact effective regulations that protect our environment and the health and safety of our residents, and harmonize with state and federal regulations.”
Timeline
• Feb. 2 – The Board of County Commissioners approve a temporary moratorium on the processing of the required development plans for local oil and gas permits under the county Land Use Code (Resolution 2012-16) and release a statement detailing their concerns about the potential for significantly expanded oil and gas drilling within the county.
• March 1 – Public hearing for commissioners to hear staff presentations and public testimony. After the four-hour hearing, commissioners direct staff to continue gathering information about the impacts of oil and gas drilling on air, water, land, roads and infrastructure.
• April 16 – Commissioners vote unanimously to extend temporary moratorium on processing of applications for oil and gas development in unincorporated parts of the county until Feb. 4, 2013 (Resolution 2012-46).
• May 16 – Planning Commission authorizes the initiation of an amendment process to the oil and gas policies in the Boulder County Comprehensive Plan
• June 20 – Planning Commission reviews proposed oil and gas policies amendments presented by Land Use staff, and takes public testimony.
• July 18 – Planning Commission further reviews proposed oil and gas policies amendments presented by Land Use staff, and takes public testimony.
• Aug. 15 – Planning Commission adopts amendments to Comprehensive Plan.
• Aug. 22 – County Commissioners and Planning Commission hold a joint study session to discuss possible future Land Use Code amendments.
The county anticipates adopting a set of regulations by the end of the year. For more information about the county’s role in oil and gas development, upcoming meetings and public involvement opportunities, visit the county’s Oil and Gas Development webpage or contact Jim Webster at 720-564-2600 orjbwebster@bouldercounty.org.