Summary: A new study shows that humans use social information to guide their decisions, even when others’ preferences differ from their own. Researchers found that people treat social cues as…
Tag: decision making
Unexpected Sounds Boost Dopamine, Leading to Riskier Decisions
Summary: A new study shows that unexpected sounds can cause dopamine bursts in the brain, which may lead to riskier decision-making. Researchers found that participants were 4% more likely to…
“Sleeping on It” Helps With Rational Decision Making
Summary: A new study reveals that while snap judgments heavily influence decisions made immediately, “sleeping on it” helps people make more rational choices. Researchers found that participants who made instant…
Biden and Trump may forget names or personal details, but here is what really matters in assessing whether they’re cognitively up for the job
Some Americans are questioning whether elderly people like Joe Biden and Donald Trump are cognitively competent to be president amid reports of the candidates mixing up names while speaking and…
Psychology of Stock Choices: High Risk or Steady Gains?
Summary: Researchers conducted a study exploring why investors are drawn to high-risk IPO shares despite their generally low returns, comparing this allure to the steady yet modest returns of investments…
Emotion vs. Reason: Rethinking Decision-Making
Summary: Researchers challenge the notion that rational thinking is the only path to good decision-making. Highlighting the limited role of rationality in our choices, the researchers emphasize the profound influence…
Fear Distorts Reward Decisions Differently for Women and Men
Summary: Fear can significantly influence women’s preference for immediate financial rewards over larger, delayed ones, a decision-making bias known as “delay discounting,” while men’s choices remain unaffected by their emotional…
Attitude Bias at Procrastination’s Root
Summary: New research delves into how valence weighting bias—people’s tendency to prioritize negative or positive attitudes—plays a crucial role in procrastination. By studying individuals’ responses to tasks like tax filing…
Optimism Linked to Poor Decision-Making and Lower Cognitive Skills
Summary: While optimism is often celebrated, a new study reveals that excessive optimism can lead to poor decision-making, particularly in financial matters. The research shows that individuals with high cognitive…
ChatGPT’s Choices: Overload or Overjoyed? Decoding Decision Dynamics
Summary: Researchers delved into how ChatGPT influences user decision-making, focusing on the ‘choice overload’ phenomenon. This condition emerges when an individual is overwhelmed by numerous options, often leading to decision…
