To survive in an increasingly unpredictable world, we need to train our brains to embrace uncertainty We don’t like experts to express uncertainty. Imagine a politician running for president who promises “I’ll try to make good decisions most of the … Continue reading The uncertainty embracers
Flossing and the Art of Scientific Investigation It’s bad enough that expertise is under attack these days from populist political movements that dismiss specialist opinion as just another establishment ruse. But lately expertise is being criticized from another direction, too … Continue reading Randomized controlled trials vs. experts
People don’t trust economists anymore For most of my career it has been good to be an economist. I felt wise, I felt heard. Sure, I got constant reminders from well-meaning people that no one behaves in the rational way … Continue reading Is the end of economists?
Trust in Government Is Collapsing Around the World On Wednesday, Facebook made an announcement that you’d think would only matter to Facebook users and publishers: It will modify its News Feed algorithm to favor content posted by a user’s friends … Continue reading Do you trust peers over experts?
Two-thirds of the world can’t pass this basic financial literacy test. Can you? We could all use a crash course in personal finance. Two-thirds of people around the world failed a short test of basic financial concepts. The five-question test—created … Continue reading Would you pass this financial literacy test?
How to Nudge People Toward Smarter Cancer-Screening Decisions When it comes to cancer screening, there’s no one correct answer that applies to every scenario. Different people face different risk factors, and you can’t screen every person for every possible type of cancer, so it’s a matter of cost-benefit analysis — some types of screenings are more likely to lead to potentially harmful false positives, for example, while others, if they detect cancer, will detect slow-growing forms of it that are very unlikely to kill or seriously harm the patient before something else does, so determining the “right” amount of cancer … Continue reading Dual minds need thinking about thinking
Even Danish CEOs can fall prey to judgment error Typically in a field experiment, our aim at iNudgeYou is to observe and map the behaviors of regular people while they interact with their complex surroundings. Everywhere from conference buffets to the airport, we’ve been busy using this guerrilla research approach to pinpoint which nudges are effective at promoting behavioral change, in the interest of citizens and society alike. In running such experiments, one bedrock assumption is that the observed sample should mirror the wider population of interest. Otherwise, if the sample turns out to be unrepresentative, the responses given and … Continue reading Anchoring in very high-skilled individuals