Don’t Tell Your Friends They’re Lucky Cornell professor of economics Robert Frank says he’s alive today because of “pure dumb luck.” In 2007, he collapsed on a tennis court, struck down by what was later diagnosed as a case of … Continue reading Are you lucky?
Why football bets are far more profitable to bookmakers than gambling machines When the government completes its review of the gambling sector in the coming weeks, a clampdown on fixed odds betting terminals (FOBTs) looks to be on the cards. … Continue reading The house always wins
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
Primal fear can blinker our decisions, even in elections Few researchers in the history of psychology are as controversial as Harry Harlow. His most famous experiment was to socially isolate infant rhesus monkeys and give them a choice between two … Continue reading Fear won
Is It a Nudge or a Shove? Even Experts Can Blur the Lines This morning I woke up at what felt like 7:20 A.M., and enjoyed not feeling both under-slept and already late. Instead, I had the great pleasure of … Continue reading Is Daylight Saving a good nudge?
The Billion-Dollar Jackpot: Engineered to Drain Your Wallet If you’ve noticed that colossal lottery winnings are becoming almost common this year, it’s no accident. Four of the 10 biggest jackpots in United States history have already occurred in 2016, an … Continue reading How to set people dreaming
Cognitive Bias in Incident Response When Charles Darwin stated “Ignorance more frequently begets confidence than does knowledge,” civilization’s evolution from Industrial Age to Information Age was nearly a century away. Yet, when it comes to many aspects of IT, he … Continue reading How overconfidence impacts your security