THE PSYCHOLOGY OF SUNK COSTS The sunk cost effect is sometimes called the Concorde fallacy Hal Arkes and Catherine Blumer asked a group of 48 people the following scenario involving sunk costs: As the president of an airline company, you have invested 10 million dollars of the companyâs money into a research project. The purpose […]
HARVARD CENTER FOR RISK ANALYSIS QUIZ ON CAUSES OF DEATH The folks at Risk World let me know about this mini-quiz on odds of various causes of death at Harvard’s Center for Risk Analysis. It’s a lot more fun if you take the time before going to that page to complete the following quiz. The […]
WHEN TO STOP INFORMATION SEARCH? Today’s highlight article comes from Dan Gilbert’s mention of it in his recent New York Times Op-Ed piece: “Two psychologists, Peter Ditto and David Lopez, told subjects that they were being tested for a dangerous enzyme deficiency. Subjects placed a drop of saliva on a test strip and waited to […]
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MOTIVATION AND AFFECT IN DECISION MAKING CONFERENCE, DEAD SEA, ISRAEL, DECEMBER 12-15 2006 Keynote speaker: Nobel Laureate Daniel Kahneman Venue: Crowne Plaza Hotel, Ein Boqeq, The Dead Sea Submission deadline: July 10, 2006 The Decision Making and Economic Psychology Center at Ben-Gurion University of the Negev and the Behavioral Decision Making group at the UCLA […]
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DECISION SCIENCES TENURE TRACK JOB AT IESE Spain has some of the finest decision scientists anywhere. Consider living the good life and applying for the following post. The Decision Sciences department at IESE Business School (Barcelona) invites applications for a tenure track position (assistant professor level). Applicants should have a research interest in managerial decision […]
