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From “Economic Man” to Behavioral Economics. When we make decisions, we make mistakes.

From “Economic Man” to Behavioral Economics

We all know this from personal experience, of course. But just in case we didn’t, a seemingly unending stream of experimental evidence in recent years has documented the human penchant for error. This line of research—dubbed heuristics and biases, although you may be more familiar with its offshoot, behavioral economics—has become the dominant academic approach to understanding decisions. Its practitioners have had a major influence on business, government, and financial markets. If I were Prime Minister: Rational decision-making classes would be a part of the national curriculum - Comment - Voices - The Independent. So if I were Prime Minister, I would make classes in rational decision-making a compulsory part of the national curriculum.

If I were Prime Minister: Rational decision-making classes would be a part of the national curriculum - Comment - Voices - The Independent

Bill Simmons sur Twitter : "The Wells Report should have ended with a recap of Brady going 37 for 50 for 4 TDs with properly inflated balls in the Super Bowl."

Boston Celtics

Locker-Room-Staff-NFL-Deflatgate-Text-Messages-Tom-Brady-302798731. Quarterback Tom Brady celebrates after the New England Patriots beat the Indianapolis Colts in the AFC Championship Game on January 18, 2015.


An NFL investigation found Wednesday that it was "more probable than not" that the Patriots intentionally deflated the game footballs below the required limits for the game that sent the Pats to the Super Bowl, as well as for other games throughout the season. New England Patriots' locker room staff accused of deliberately releasing air from the Patriots game balls after the footballs were examined by the referee complained about the work and the team's star quarterback, according to a NFL report released on Wednesday.

In colorful text messages included in the report between Jim McNally, the attendant for the locker room used by officials at Gillette Stadium, and John Jastremski, an equipment assistant, McNally at one point refers to himself as "the deflator. " Top Sports Photos 2015. BAND - A Private Space for Groups. Martin K. Antonio A. Jon R. Matt O. Moral decision-making influenced by gender - The Columbia Chronicle: Health & Tech. Is it moral to end one life in order to spare five?

Moral decision-making influenced by gender - The Columbia Chronicle: Health & Tech

Dilemmas like this, as well as the process used to arrive at a decision, are heavily influenced by gender, according to “Gender Differences in Responses to Moral Dilemmas,” a study published in the April edition of the Personality and Social Psychology Bulletin. Researchers used a meta-analysis to reevaluate 6,100 responses from 40 consulting studies to determine how one’s gender can influence difficult moral decision-making. What Naming a Puppy Says About Decision-Making. This transcript has been automatically generated and may not be 100% accurate. ... naming a puppy should be simple ... so we ended up getting dark we nominee ... and then it took about a month of having the dog ... and going through several names before she ... pinpointed the exact name he wanted ... status ... we recently witnessed tricky marital exchange between my sister great on her husband over naming a new copy ... he asked sisters aunts family members I ... found a spot ...

What Naming a Puppy Says About Decision-Making

Billy Donovan agrees to multi-year deal with Oklahoma City Thunder. Royce Young, NBA Writer CloseCovers the Oklahoma City Thunder for The Oklahoma City Thunder have hired Billy Donovan, the winningest coach in Florida Gators history, as their new head coach.

Billy Donovan agrees to multi-year deal with Oklahoma City Thunder

Sources told ESPN's Ramona Shelburne on Thursday that Donovan agreed to a five-year deal -- with a team option on the fifth year -- to replace Scott Brooks, who was fired as coach of the Thunder after seven seasons on April 22. Donovan will be introduced at a Friday news conference scheduled for 2:30 p.m. ET, the Thunder said. Donovan spent the past 19 years as coach of the Gators, with whom he won two national championships and appeared in four Final Fours.

"I am honored and humbled to be named the head coach of the Oklahoma City Thunder. The dangerous side of emotional intelligence. How Laissez-Faire Economics Led to Inequality and Recession  Remember in 2009 when everyone was dodging blame for the financial crisis?

How Laissez-Faire Economics Led to Inequality and Recession 

Depending on who you asked, it was the bankers, the federal regulators, Fannie Mae, fraudster mortgage companies, the ratings agencies and the sub-prime borrowers themselves. The favorite claim of excuse makers was that no single group was to blame -- it was a cluster-f*** as one journalist friend put it. If everyone did it, no one could be held accountable. Body cameras spread, changing how cops do their job.

Attorney General Loretta Lynch has announced a $20 million Justice Department pilot project to provide body cameras to selected police departments nationwide, to help encourage and study their use.

Body cameras spread, changing how cops do their job

While dash cams that record from inside a police car are now widely deployed nationwide, body cams are currently in use in a small minority of police departments. The systems are expensive—with an initial investment for cameras, and ongoing costs for data storage and technology management. The police department in Rialto, California, has been using body cams since 2012. Google Fiber Has Internet Providers Scrambling to Improve Their Service. Time Warner Cable is the latest ISP to promise better service in advance of a Google Fiber rollout Here’s a three step plan to getting a free internet upgrade: Convince Google to announce that it’s bringing Google Fiber to your city.

Google Fiber Has Internet Providers Scrambling to Improve Their Service

(Note: All you need is a credible-sounding promise.)Wait for your local internet service provider to freak out and increase your internet speed six-fold.Sit back and watch all the Netflix you want in 4K “Ultra-HD” resolution. Is the 'Uberization' of the Economy Sustainable? IRS Real Winner in Mayweather vs. Pacquiao Fight. P Diddy may be backing Floyd Mayweather over Manny Pacquiao, but the Internal Revenue Services will likely be the real winner of the expected heavy gambling on Saturday’s fight in Las Vegas.

IRS Real Winner in Mayweather vs. Pacquiao Fight

Bookmakers are predicting brisk betting on this weekend’s fight, perhaps even enough to topple the current $119 million record for the bets placed on the 2014 Super Bowl. But even outside the Las Vegas casinos, people are getting into the spirit. Big Five Personality Traits: Take The Test To Know Yourself And Your Future Health. Personality is the reason you like some people but not others.

Lindsey Brower collection

Campaign Coverage via Snapchat Could Shake Up the 2016 Elections. Riots in Baltimore are the result of poor political decision-making - The Breeze: Opinion. It’s amazing how people have a way of jumping to conclusions and labelling situations before the real conflict can be identified. From what I’ve heard, people have turned the recent Baltimore rioting into a racial discussion. Allegedly, the overly dominant white governmental figure is simply “flexing his muscle” in Baltimore by oppressing the misunderstood, woeful black man. I’ll never understand this. How well do you know your customer? Consumer behavior changes more rapidly than you think - The Business Journals.

Most business owners and marketers that have been in the business for some time think they know their customers, but such complacency can be counterproductive. The simple truth is that consumers change their habits rapidly, and preconceived notions about behaviors can become outdated very quickly. A recent study from Bronto Software provides insights into some of the way e-commerce is changing in the modern age. The company partnered with Ipsos to conduct a survey in January that consisted of 1,012 U.S. consumers who bought online within the past 12 months.

The data showed that many consumers are influenced by digital channels, use multiple devices, and shop online regularly. “According to the data, consumers are not spontaneously window shopping online stores or casually browsing product pages," Jim Davidson, head of research for Bronto Software, said in a press release.

Study results. Can human behaviour fix the California drought? California is experiencing a drought that has gone far beyond a "dry spell". In fact, the drought and related water shortage are so profound that Governor Jerry Brown is enacting measures to have Californians cut back on water consumption by 25 per cent and the state is offering citizens ways of changing their green lawns to gardens of cactus. And San Diego County is building a $1 billion plant that will bring water in from the Pacific Ocean and take the salt out of it. But there are wider issues.

Writer Paul Fraumeni explores them with Professor Stephen Scharper. Google wireless phone service challenges major carriers. Welcome to Forbes. Microsoft (Yes, Microsoft) Has a Far-Out Vision. Photo. Start-Ups Try to Challenge Google, at Least on Mobile Search. Photo. Rolling TV election news eclipsed by Twitter, Buzzfeed and Periscope. By this point in the 2010 campaign, the BBC’s Laura Kuenssberg had become the star of the general election, because of her constant and indispensable reporting on the BBC News channel.

This time around, neither the BBC’s rolling news channel nor Sky News has broken through in the same way. Nepal Earthquake: Kathmandu Airport Closes Damaged Runway to Big Planes. The death toll from last week's massive earthquake in Nepal has surpassed 7,000, Nepal's National Emergency Operation Centre said Saturday. Mixed Signals: Why People Misunderstand Each Other. Gulf states want weapons, promises from US for Iran nuke deal support. 'Pacman fever' sweeps across Philippines. Native Americans walk off Adam Sandler set - BBC News.