The Cognitive Bias President Trump Understands Better Than You Americans born in the United States are more murderous than undocumented immigrants. Fighting words, I know. But why? After all, that’s just what the numbers say. Still, be honest: you wouldn’t … Continue reading The salient exemplar
You’ve been framed: Why Narratives Matter How many times have you seen a headline similar to this – “Nigeria loses $34 billion to tomato/fish/toothpick imports?” If you’re Nigerian, you’ve heard an assertion like this at least once. And how does … Continue reading Framing economic policy
A Two-Word Psychological Concept Can Explain The Anger Over Obamacare’s Potential Repeal As you may have noticed, the prospect of Congress repealing the Affordable Care Act, as Republicans have long promised to do, has sparked a pretty furious political backlash. … Continue reading Obamacare and loss aversion
The Irony Effect Danny Kahneman’s love affair with Amos Tversky began in the spring of 1969, when his dazzling and clever colleague, also a professor of psychology at Hebrew University in Jerusalem, came to give a talk to Kahneman’s graduate … Continue reading The science of mistakes
The two friends who changed how we think about how we think In 2003, we reviewed “Moneyball,” Michael Lewis’s book about Billy Beane and the Oakland A’s. The book, we noted, had become a sensation, despite focussing on what would … Continue reading The undoing project
How two trailbalzing psychologists turned the world of decision science upside down Back in 2003, I published a book called Moneyball, about the Oakland Athletics’ quest to find new and better ways to value baseball players and evaluate baseball strategies. … Continue reading Danny and Amos
Contra Kahneman, your mind’s fast and intuitive “System One” is capable of logic Nobel-winning psychologist Daniel Kahneman’s international best-selling book is titled Thinking Fast and Slow in reference to the idea that we have two mental systems, one that makes … Continue reading Does System One think?