THE CENTER OF THE CIRCLE HEURISTIC When a number of crimes, for instance burglaries, can be linked to the same offender, police often plot the locations on a map. The art of finding the location of the criminal’s home based on the crime sites is a key objective in what is known as geographical profiling. […]
THE MPG ILLUSION In their carpooling conversations, friends of Decision Science News Rick Larrick and Jack Soll have a come up with poignant example of how information that is mathematically equivalent is psychologically different (to paraphrase Feynman). Their “miles per gallon illusion” has been passed by our editorial staff to policy makers and may someday, […]
FIREFOX USERS CAN HELP SET A WORLD RECORD ** NOTE: Please wait until the release time to download: 10 AM LA, 1PM New York, 6PM London, 7PM Paris ** What do browsers have to do with decision making? They are an excellent illustration of the power of defaults. The default home page within a browser […]
TEST YOUR SOCCER PREDICTION SKILLS Stefan Herzog over in Basel lets us know about a short online study (15 – 20 minutes) on how people predict outcomes in the context of football (soccer). Anybody can participate; this study is explicitly not just for people who are interested or an expert in football. You can optionally […]
BLOOD SUGAR AND HEURISTIC USE Now this is interesting (*): ABSTRACT: This experiment used the attraction effect to test the hypothesis that ingestion of sugar can reduce reliance on intuitive, heuristic-based decision making. In the attraction effect, a difficult choice between two options is swayed by the presence of a seemingly irrelevant “decoy” option. We […]
A TALE OF TWO SELVES Psychologists and economists love to talk about the notion of two selves: present self and future self. It’s a nice way to explain the tendency to have one preference about the future, but a very different preference when the future becomes the present. On Sunday, future self might want to […]
INTERVIEW WITH BRUNO FREY, PART II Here we continue last week’s Bruno Frey interview that Lionel Page and Dan Goldstein conducted before Frey’s Economics of Behaviour and Decision Making presentation at London Business School. Lionel Page – I was thinking of what you said before about the negative effect of the Nobel prize. What do […]
BRUNO FREY INTERVIEW, PART I A few weeks ago, Lionel Page and your Decision Science News editor had Bruno Frey come to speak at the Economics of Behaviour and Decision Making series in London. Realizing that it is not every day someone of such stature comes to town, we decided to profiter (as French people […]
ARIELY, FREY TO SPEAK IN LONDON We like our history natural With top-notch JDM researchers at London School of Economics, University College London, London Business School, Westminster Business School, London Metropolitan University, City University London, Imperial College, Birkbeck College, and two weekly JDM talk series (the London Judgment and Decision Making seminar, and the Economics […]
DECISION MAKING AND PLANNING UNDER LOW LEVELS OF PREDICTABILITY The International Journal of Forecasting invites you to submit a paper for a special issue on how to make decisions and plan (or formulate strategies) when our ability to forecast is low, or in some cases nonexistent. During the last several decades it has become increasingly […]
Subscribe to Decision Science News by Email (one email per week, easy unsubscribe)
