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The Center for Advanced Hindsight is Dan Ariely’s applied behavioral science lab at Duke University that specializes in health and financial decision-making. Researchers at the Center for Advanced Hindsight study, design, test and implement behavioral interventions to help people become happier, healthier and wealthier. Bridging the gap between research and real world applications, [...]
This bias, also referred to as the ‘knew-it-all-along effect’, is a frequently encountered judgment bias that is partly rooted in availability and representativeness heuristics. It happens when being given new information changes our recollection from an original thought to something different (Mazzoni & Vannucci, 2007). This bias can lead to distorted judgments about the [...]
A potentially valuable feature of AI applied in the legal field is identifying insightful patterns of how specific courts and judges operate that elude human cognition. However, we should never forget that the relationship between humans and algorithms is always reflexive, and we can easily corrupt our quantitative-based prediction algorithms with biases.
Mis- and disinformation about the U.S. electoral process has caused massive disruptions in voting behavior and reduced trust in American democracy. There have been a handful of attempts to combat the deleterious effects of misinformation on the public. Recent research suggests that online games, which teach players about strategies used by mis- and disinformation spreaders through a method called attitude inoculation, can help build resistance against manipulative news content.
Successful innovation requires far more than a market gap, a visionary, funding, and new technology. Innovation is a behavioral process from start to finish. It relies on the decision-making processes and behaviors of both producers and consumers, as well as the surrounding support system. Behavioral science, the science of how we make decisions, has invaluable practical insights for innovation on all fronts.
A majority of commuters in the US choose to drive alone. We aimed to understand the influence of monetary incentives and anchoring on the transportation choices of residents in Los Angeles, California. Our key results included willingness to accept values averaging around $7, a difference in acceptance rates between anchoring treatment groups, and a significant change in acceptance rates when shown double-digit compared to single-digit values. This presents an opportunity for transit-based companies to invest in monetary incentive schemes to boost sustainable mode use.
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Nudges are great, but they aren’t enough. While they are elegant, nudges are (often) just tweaks augmenting a pre-existing service or policy regardless of its quality, appropriateness or fitness. It is time to go from nudging to behavioral design.
BehavioralEconomics.com is home to the popular Behavioral Economics Guide, a global social network (Behavioral Economics Group), the Behavioral Economics Academy, and a blog that publishes the latest behavioral insights from academia, business, and public policy. We aim to be a major knowledge broker in the behavioral sciences, supported by a growing community of individuals and [...]
