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How I Taught Prospect Theory to My Son
By Diogo Gonçalves Dear son, today I want to talk [...]
No I Won’t, but Yes We Will: How the Social Side of Decision-Making and Behavior Is Worthy of a Closer Look
By Guy Champniss I still have vivid memories of when [...]
Why Do People Behave the Way They Do?
By Eyal Winter Many of us tend to think of [...]
Behavior Change Is Political Change
When it comes to behaviour, politics is never absent, argued Mike Kelly, at a UCL Centre for Behaviour Change seminar on policy and evidence.
New Journal: Behavioral Science & Policy
The new journal Behavioral Science & Policy just published a PDF of [...]
Rationality and Affective Biases. Do You Know What They Are?
A common interpretation in behavioural finance is that rationality is the result of a pure cognitive process which can be behaviourally biased. While cognitive biases are influences that affect rationality from within the cognitive system, affective biases refer to those influences that affect the cognitive system from outside. Unfortunately, the assumption that rationality is a pure cognitive process is not well motivated. Rationality results from the intrinsic interaction between cognition and emotions.