Power of Popularity in Decisions
Posted on26 Aug 2013
Tagscognitive dissonance, decisions, University of Toronto, hiring, Abhijit Banerjee, Microsoft Research, Duncan Watts, Matthew Salganik, McGill University, Matthew Notowidigdo, Fabian Lange, Kory Kroft, rational herding, University of Chicago, The Economist, problem solving, Princeton University, positioning, Massachusetts Institute of Technology, marketing, leadership, Influence, facts, emotions
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
TagsUniversity of Kansas, University of Chicago, The Economist, subconscious, Sendhil Mullainathan, race, peer review, New York Times, names, Massachusetts Institute of Technology, Marianne Bertrand, intuition, Influence, feelings, emotions, Donna Ginther, connotations, branding, advertising
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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
Tagsobjective, University of Toronto, University of Chicago, The Economist, Tanjim Hossain, subjective, money, loss, joy, John List, intuition, 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
