What to Do When Algorithms Rule The first American astronauts were recruited from the ranks of test pilots, largely due to convenience. As Tom Wolfe describes in his incredible book The Right Stuff, radar operators might have been better suited … Continue reading Using algorithms
Complexity Bias: Why We Prefer Complicated to Simple Complexity bias is a logical fallacy that leads us to give undue credence to complex concepts. Faced with two competing hypotheses, we are likely to choose the most complex one. That’s usually … Continue reading Is life really simple?
Potential loss can make us behave irrationally There are many instances where a perceived loss makes us behave irrationally. Here’s one of the many stories – of Captain Jacob Van Zanten – in connection to loss aversion. Captain Van Zanten … Continue reading The rash decision of Captain Van Zanten
Policy shouldn’t rely on economic theory, but on data about actual human behavior The tax overhaul bill before Congress has a professed rationale that rests on economic theory. As neuroscientists who study decision making, we would like to raise a … Continue reading Truly rational policy
Measuring the impact of body worn video cameras on police behaviour and criminal justice outcomes One of the most significant technical innovations in policing in recent years has been the emergence of the body worn video camera (BWVC), a form … Continue reading How to improve police decision making
Capital bias Whether launching a new product, investing in equipment, or weighing the merits of an acquisition, corporate executives typically rely on their capital planning process to help shape these high-stakes decisions. Shareholders, creditors, and employees alike expect management to … Continue reading The expert bias
When Should You Trust Your Gut? Here’s What the Science Says Every day, we are met with intuitions that appear to provide the answers to questions in our lives. We step outside on a sunny day, and a nagging feeling … Continue reading In defense of gut feelings