Posts Tagged ‘decision-making’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Behavioral Economics: When Do We Minimize Risk?

    Nov 12, 12 • 211 Views • No Comments

    With Election Economics having concluded, for the next 4 weeks, Monday posts will focus on topics that relate to behavioral economics. Let’s start with Hurricane Sandy and my own NJ neighborhood. Really though, we will be looking at how many of us...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Presidential “Choice Fatigue”

    Sep 16, 12 • 400 Views • No Comments

    President Obama says he wears only gray or blue suits. As for meals, he prefers having others decide what he will eat. The reason? “Choice fatigue.” Knowing that decision-making requires energy, the President told writer Michael Lewis that he...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    (Bad) Decisions

    Apr 24, 12 • 333 Views • No Comments

    By Mira Korber, guest blogger. Why might have most notorious fraudsters committed their crimes? The traditional answer seems obvious: severe character flaws, lack of ethics, unbridled greed. But there may be more to the picture than simply this “bad...  [read more]

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    Altitude and Attitude

    Apr 1, 11 • 239 Views • No Comments

    A recent article in Scientific American cited a correlation between altitude and attitude. Describing four different experiments, researchers concluded that physical elevation seemed to connect to generosity, kindness, and cooperation. This is what they...  [read more]