Currently browsing "Decision Making"

At What Age Does Hard Work Add a Shine to Lousy Prizes?

Putting in a lot of effort to earn a reward makes unappealing prizes more attractive to kindergarteners, but not to preschoolers, new findings show. ... More>


Psychology in an Economic World

Poverty, wealth, and their cognitive, emotional, and neurochemical consequences dominated the discussion in the opening integrative science symposium at ICPS. Moderated by Daniel Cervone, who co-chairs the program committee for […]... More>


Having Wealthy Neighbors May Skew Beliefs About Overall Wealth Distribution

Wealthy people may be likely to oppose redistribution of wealth because they have biased information about how wealthy most people actually are, researchers find. ... More>


Daniel Kahneman: ‘What would I eliminate if I had a magic wand? Overconfidence’


Why I give my students a ‘tragedy of the commons’ extra credit challenge