Amsterdam coffee-shop study explores the effects of cannabis on eye-witness memory The fallibility of eye-witness memory has been well-documented by psychologists, including how alcohol intoxication undermines witness accuracy still further. In fact, psychological research into the foibles of human memory … Continue reading Trust your memory?
Race of mass shooters influences how the media cover their crimes, new study shows On Jan. 24, 2014, police found Josh Boren, a 34-year-old man and former police officer, dead in his home next to the bodies of his wife … Continue reading An empathy gap
How Behavioral Economics Could Help Reduce Credit Card Delinquency With U.S. household credit card debt at an all-time high of more than $1 trillion, delinquent payments can be more costly than ever. For companies, delinquencies can mean massive collection costs … Continue reading Bridging the intention-action gap
There Is No Such Thing as Unconscious Thought The great French mathematician and physicist Henri Poincaré (1854–1912) took a particular interest in the origins of his own astonishing creativity. His achievements were impressive: His work profoundly reshaped mathematics and physics—including … Continue reading Flashes of suspicion
There Is More to Behavioral Economics Than Biases and Fallacies Compared to just a few years ago, the term behavioral economics has gained tremendous currency. To say it is on everyone’s lips would be only a minor exaggeration. For the … Continue reading Bamboozled by biases
Does receiving favours and freebies make you uncomfortable? Maybe you have “reciprocity anxiety” Years ago, my wife and I were window shopping in the Brighton lanes when we decided to enter a posh perfume store to take a closer sniff. … Continue reading Reciprocation anxiety
The pitfalls of persistence “I hated the movie but decided to suffer through it because I had paid for the ticket…in 3D!”“The store was overpriced but I bought the dress because I drove all the way out there.” “His business … Continue reading The sunk costs phenomenon