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…
Tag: decision making
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…
Daring Differently: Gender Differences in Risk-Taking Behavior
Summary: A new study sheds light on gender differences in risk-taking behavior. The research reveals women are more averse to risk than men due to heightened sensitivity to potential losses.…
Monkey See, Monkey Think: Groundbreaking Study Reveals Primate’s Ability for Complex Decision-Making
Summary: Move over humans, monkeys can think deeply too! A novel study has shown that monkeys are capable of careful decision-making by considering costs, consequences, and constraints. Findings reveal our…
One Brain, Multiple and Simultaneous Alternative Decision Strategies
Summary: When it comes to decision-making, rather than committing to a single strategy, the brain computes multiple decision strategies simultaneously. Source: Champalimaud Centre for the Unknown Choosing a checkout line…
