Power of Popularity in Decisions
Posted on26 Aug 2013
TagsFabian Lange, Massachusetts Institute of Technology, positioning, Princeton University, problem solving, The Economist, University of Chicago, University of Toronto, rational herding, Kory Kroft, marketing, Matthew Notowidigdo, McGill University, Matthew Salganik, Duncan Watts, Microsoft Research, Abhijit Banerjee, hiring, cognitive dissonance, decisions, emotions, facts, Influence, leadership
Comments1
Popularity influences our decisions to the point that we often subjugate our desires to what is popular. It’s a form of peer... Read More
Names and Our Unconscious Biases
Posted on29 Aug 2011
Tagsadvertising, branding, connotations, Donna Ginther, emotions, feelings, Influence, intuition, Marianne Bertrand, Massachusetts Institute of Technology, names, New York Times, peer review, race, Sendhil Mullainathan, subconscious, The Economist, University of Chicago, University of Kansas
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Our names unconsciously influence people. We humorously smile at actors who change their names making them more appealing. Yet, some people relate... Read More
Stock Gambling & Poker Investing: Lesson in Skill & Outcomes
Posted on11 Jul 2011
TagsUniversity of Chicago, uncertainty, Thomas Miles, The Economist, stock market, Steve Levitt, skills, poker, investing, intuition, gambling
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The May 21, 2011 edition of The Economist had two articles casting a cloud over the skill inherent in successful stock market... Read More
Fear of Loss Versus Joy of Gain in Variable Compensation
Posted on19 May 2010
Tagsintuition, University of Toronto, University of Chicago, The Economist, Tanjim Hossain, subjective, objective, money, loss, joy, John List, gain, fear, emotions, compensation, communication, cognition, approaches, application
Comments1
Since intuition is rooted in emotions and thus subjective, intuitive approaches allow us to see a single, objective situation as many. We... Read More
