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Another’s wasted investment is as disturbing as one’s own
THAT human beings often continue to pour money into bad projects because they have already invested in them and cannot bring themselves to lose that investment is well known. Indeed the sunk-cost fallacy, as this
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Psychological Scientists Celebrate Thaler at Nobel Ceremony
University of Chicago economist Richard H. Thaler, whose work has roots in the groundbreaking research of APS William James Fellows Daniel Kahneman and Amos Tversky, received the Nobel Prize in Economic Sciences on December 10
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Strangers Can Detect Social Class in Just Seven Words
New research shows that a person’s social class is communicated in very brief interactions and maybe even in a few words.
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Adults with Autism Make More Consistent Choices
People with autism spectrum conditions are often less sensitive to contextual information in perceptual tasks, but this may lead to more consistent choices in high-level decision-making tasks.
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Can’t Wait to Celebrate: Holiday Cheer Increases Impulsivity
World financial markets tend to spike just before holidays, new research suggests this may be because “holiday euphoria” prompts impulsive behavior.
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How Do Creative Ideas Get Heard?
Imagine you are an employee at a widget-making factory. Sitting at your desk one day, you have an epiphany: You’ve thought of a new way to create widgets that should increase production by threefold. But
