Kin selection in financial decision-making
We kid ourselves that we select people for promotion because of their talent. It has never been true, and if the researchers behind this new study are right, it never will be—so long as humans are in charge of the process.
A new theory of decision-making explains why humans make bad choices
Many people seem to make unreasonable decisions because they apply ratio thinking when thinking in absolute terms would be preferable.
Is society ready for AI ethical decision-making?
Humans are becoming increasingly dependent on algorithms to process information, recommend certain behaviors, and even take actions on their behalf.
Vigilantism is an identity for some people
One in five people strongly endorsed the vigilante identity, reporting an eagerness to closely monitor others in their environment and—in the absence of official action to correct violations—punish those they deemed offenders.
Influencing: Our minds distinguish between various social influences
When people change their opinion after they have received additional information from another person, this is an example of informational social influence. But when people revise their views because they want to be socially accepted, researchers refer to normative social influences.
Stay on the sunny side: Optimists have better lives
Almost all of us were born optimistic - as we learn more about the limitations of our environment and experience setbacks, this is tempered and we can become either realistically optimistic or pessimistic.
People are fast and accurate when making high-value decisions
Most researchers have long thought that people are less sensitive to changes in value as the overall value of an item increases. For example, it seems like it should be more difficult to tell the difference between a $50,000 car and a $55,000 car than between a $5,000 car and $10,000 car. Even though the difference in value is the same, the fraction of the total value is much smaller in the higher priced car, supposedly making it harder to notice.
Giving project teams more autonomy boosts productivity and customer satisfaction
Organizations that take a hands-off approach to the structure and governance of project teams create an environment of creative flexibility.
Bad decisions made under pressure
All of us are forced at times to make decisions under pressure. For many of us, most of our decisions are made under conditions of stress caused by the pressure of increasing work demands placed upon us.
When to break from the herd to make a better decision
When we see other people hesitate before making a choice, that tells us they were conflicted, that they weren’t entirely sure they were making the right decision. That makes people less confident in the group consensus and frees them to make decisions based on their own information.
Workplace bias suppression can be difficult to sustain
Decision-making that overrides one’s personal views and self-interests, also known as bias suppression, is often touted as an essential institutional objective. However it can be challenging to sustain from one decision to the next.
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