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When was saw this interview featuring two JDM giants, Richard Thaler and Nobel Laureate Daniel Kahneman, we knew we had to run it.
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December saw the passing on Robyn Dawes, without question a scholar who helped define the field of Judgment and Decision Making. The author of the field’s pre-eminent course text “Rational Choice in an Uncertain World”, Dawes was no doubt responsible for getting and keeping many students interested in the field. Dawes was an excellent writer. In addition to authoring what we think is the best-titled paper in the history of JDM “The Robust Beauty of Improper Linear Models in Decision Making”, his books were some of the few we read without skipping a word from start to finish. Dawes is unique: a mathematical clinical psychologist (some say the only one), a past-president of the JDM Society, a fellow of American Academy of Arts and Sciences, an academic with no fear of controversy, and much more.
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TALEB INTERVIEWS FROM BEFORE AND AFTER THE DOWNTURN Making predictions is risky business. If you make a claim like “Dow 30,000 by 2008“, it’s more than a little embarrassing when you’re wrong. (If you’re wondering, the Dow’s peak was just over 14,000). But making predictions is important. Science, for instance, suffers when theories are vague […]
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DEFAULTS IN BRUSSELS Last week, Decision Science News spoke at a European Commission conference on “How Can Behavioural Economics Improve Policies Affecting Consumers?“, which was terrifying, as it meant addressing a large room of people with name cards and microphones and simultaneous translators behind glass walls. The DSN editor tried to emphasize how one must […]
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GERD GIGERENZER ON IGNORING INFORMATION FOR BETTER DECISIONS Who: Gerd Gigerenzer, Director, Max Planck Institute, Berlin What: The Rationality of Heuristics: Ignoring Information for Better Decisions Where: Westminster Business School, Hogg Lecture Theatre When: 17h15-19h The academic year in London will get off to a stimulating start as one of Psychology’s leading intellectuals, Gerd Gigerenzer, […]
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GET A FEELING FOR ACCIDENTAL SIGNIFICANCE Click through to site to try We were exploring Jerry Dallal’s site and came across this cute gizmo linked to as “a valuable lesson”. Clicking the button simulates running 20 significance tests, each of which has a 5% chance of coming up significant when no effect is present. Underneath […]
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OPTIMAL SHOULDER STANDING Decision Science News has long been influenced by Phil Greenspun’s observations, such as this one: Any sufficiently complicated C or Fortran program contains an ad hoc, informally-specified, bug-ridden, slow implementation of half of Common Lisp. which is known as Greenspun’s Tenth Rule. Trivia buffs will know that there weren’t 9 before it. […]
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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 […]
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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 […]
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PROFILE OF A PIONEER IN JUDGMENT AND DECISION MAKING The following is extracted from a profile in the current American Psychologist written by Josh Klayman and Don Kleinmuntz: Klayman, J., & Kleinmuntz, D. N. (2007). Benjamin Kleinmuntz (1930 –2006). American Psychologist, 62(7), 698. (My father sent this my way. Growing up in Pittsburgh, I always […]
