The Last Mystery of the Financial Crisis What about the ratings agencies? That's what "they" always say about the financial crisis and the teeming rat's nest of corruption it left behind. Everybody else got plenty of blame: the greed-fattened banks, the sleeping regulators, the unscrupulous mortgage hucksters like spray-tanned Countrywide ex-CEO Angelo Mozilo. But what about the ratings agencies? Man, are they ever. Thanks to a mountain of evidence gathered for a pair of major lawsuits by the San Diego-based law firm Robbins Geller Rudman & Dowd, documents that for the most part have never been seen by the general public, we now know that the nation's two top ratings companies, Moody's and S&P, have for many years been shameless tools for the banks, willing to give just about anything a high rating in exchange for cash. [Read more from Rolling Stone: Everything Is Rigged: The Biggest Price-Fixing Scandal Ever] Ratings agencies are the glue that ostensibly holds the entire financial industry together.
10 Practical Uses For Psychological Research in Everyday Life People love to give each other advice. The web is full to bursting with all types of pseudo-psychological advice about life. The problem is, how much of this is based on real scientific evidence? Well, here on PsyBlog we’ve got the scientific evidence. So here’s my top 10 list of what you can learn practically from the psychological research discussed here recently. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
List of cognitive biases Cognitive biases are tendencies to think in certain ways that can lead to systematic deviations from a standard of rationality or good judgment, and are often studied in psychology and behavioral economics. There are also controversies over some of these biases as to whether they count as useless or irrational, or whether they result in useful attitudes or behavior. For example, when getting to know others, people tend to ask leading questions which seem biased towards confirming their assumptions about the person. However, this kind of confirmation bias has also been argued to be an example of social skill: a way to establish a connection with the other person. Although this research overwhelmingly involves human subjects, some findings that demonstrate bias have been found in non-human animals as well. For example, hyperbolic discounting has been observed in rats, pigeons, and monkeys. Decision-making, belief, and behavioral biases Social biases Debiasing
Why Borders Disfigure Landscapes as Well as Thoughts | Politics on GOOD In 1989, as a first-year university student, I photographed the fall of the Berlin Wall in my hometown. It became the very symbol for the downfall of the USSR as a superpower and the end of a world order that had shaped our planet and lives for almost half a century. It was the most exciting and positive political event I’ve witnessed—a first-hand experience of history in the making which deeply moved me. During that time, many people believed that this would be the end of walls as a political instrument and we'd put them on the garbage heap of history as an anachronistic tool. Israel | Occupied Palestinian Territories The Iron Curtain | former German - German border A barrier is the proof of human weakness and error, and the inability of human beings to communicate with each other. Ceuta and Melilla, Spain | Morocco Baghdad Cyprus | Greenline South-Korea | North-Korea USA | Mexico Globalization promised us an ending, a dissolution of borders.
5 Logical Fallacies That Make You Wrong More Than You Think The Internet has introduced a golden age of ill-informed arguments. You can't post a video of an adorable kitten without a raging debate about pet issues spawning in the comment section. These days, everyone is a pundit. But with all those different perspectives on important issues flying around, you'd think we'd be getting smarter and more informed. #5. Think about the last time you ran into a coworker or family member spouting some easily disproven conspiracy theory -- somebody who still thinks Obama's birth certificate is a fake or that Dick Cheney arranged 9/11 to cover up his theft of $2.3 trillion from the government. That has literally never happened in the history of human conversation. Getty"OK, so Dick Cheney doesn't have a third arm. The Science: It's called the argumentative theory of reasoning, and it says that humans didn't learn to ask questions and offer answers in order to find universal truths. Yes, kids, being a dick works. So During Your Next Argument, Remember ... #4.
Top 10 Common Faults In Human Thought Humans The human mind is a wonderful thing. Cognition, the act or process of thinking, enables us to process vast amounts of information quickly. For example, every time your eyes are open, you brain is constantly being bombarded with stimuli. The Gambler’s fallacy is the tendency to think that future probabilities are altered by past events, when in reality, they are not. Reactivity is the tendency of people to act or appear differently when they know that they are being observed. Pareidolia is when random images or sounds are perceived as significant. Interesting Fact: the Rorschach Inkblot test was developed to use pareidolia to tap into people’s mental states. Self-fulfilling Prophecy Self-fulfilling prophecy is engaging in behaviors that obtain results that confirm existing attitudes. Interesting Fact: Economic Recessions are self-fulfilling prophecies. Herd mentality is the tendency to adopt the opinions and follow the behaviors of the majority to feel safer and to avoid conflict.
Leap Year Project: A Prototype for Radically Experiential Learning | Education on GOOD Can young people create their own education? If so, how should they do it? For me, the roots of the question lie in the fact that I've always been hopeful. At a young age hope seemed sparse after my family life deteriorated due to a divorce and subsequent challenges. During my senior year of high school, I brought my Middle Eastern parents into the same room to share that I wouldn't be pursuing the expected route of becoming a doctor. I also began working for a student program at a church in the west suburbs of Chicago. My work made me curious about further education in business, design, and simply learning how I could make a difference. I began interviewing hundreds of friends, family, peers, college students, and professors, asking droves of questions about learning methods, practices, ideas, and personal dreams. When I explained I was thinking of creating my own education, people were partly intrigued and perplexed. So, can we create a new type of education?
The Ten Most Revealing Psych Experiments Psychology is the study of the human mind and mental processes in relation to human behaviors - human nature. Due to its subject matter, psychology is not considered a 'hard' science, even though psychologists do experiment and publish their findings in respected journals. Some of the experiments psychologists have conducted over the years reveal things about the way we humans think and behave that we might not want to embrace, but which can at least help keep us humble. That's something. 1. The Robbers Cave Experiment is a classic social psychology experiment conducted with two groups of 11-year old boys at a state park in Oklahoma, and demonstrates just how easily an exclusive group identity is adopted and how quickly the group can degenerate into prejudice and antagonism toward outsiders. Researcher Muzafer Sherif actually conducted a series of 3 experiments. 2. The prisoners rebelled on the second day, and the reaction of the guards was swift and brutal. 3. 4. 5. 6. 7. 8. 9. 10.
The 33 Digital Skills Every 21st Century Teacher should Have By EdTech Team Updated on march 2, 2015 : The original list that was created in 2011 comprised 33 skills , after reviewing it we decided to do some merging and finally ended up with the 20 skills below. The 21st century teacher should be able to : 1- Create and edit digital audio Here are some tools for teachers to develop this skill :Free Audio Tools for Teachers 2- Use Social bookmarking to share resources with and between learners Here are some tools for teachers to develop this skill : A List of Best Bookmarking Websites for Teachers 3- Use blogs and wikis to create online platforms for students Here are some tools for teachers to develop this skill : Great Tools to Create Protected Blogs and Webpages for your Class 4- Exploit digital images for classroom use Here are some tools for teachers to develop this skill :Web Tools to Edit Pictures without Installing any softwareTools to Convert Photos into Cartoons
WHAT IS WRONG WITH MULTICULTURALISM? [PART 1] I gave the Milton K Wong lecture in Vancouver on Sunday. I very much enjoyed the event- it was a stunning venue, a superb audience and a good discussion of the issues. My thanks to the Laurier Institution, University of British Columbia and CBC for inviting me. Entitled ‘What is Wrong with Multiculturalism? It is somewhat alarming to be asked to present the European perspective on multiculturalism. Thirty years ago multiculturalism was widely seen as the answer to many of Europe’s social problems. Part of the problem in discussions about multiculturalism is that the term has, in recent years, come to have two meanings that are all too rarely distinguished. As a political process, however, multiculturalism means something very different. The conflation of lived experience and political policy has proved highly invidious. To make my case I want to begin by questioning three myths of immigration. Consider France. There is nothing new, then, in plural societies. Take Britain.
Your Evolved Intuitions Part of the sequence: Rationality and Philosophy We have already examined one source of our intuitions: attribute substitution heuristics. Today we examine a second source of our intuitions: biological evolution. Evolutionary psychology Evolutionary psychology1 has been covered on Less Wrong many times before, but let's review anyway. Lions walk on four legs and hunt for food. Certain evolved psychological mechanisms in humans are part of what makes us like each other and not like lions, skunks, and spiders. These mechanisms evolved to solve specific adaptive problems. An an example of evolutionary psychology at work, consider the 'hunter-gatherer hypothesis' that men evolved psychological mechanisms to aid in hunting, while women evolved psychological mechanisms to aid in gathering.6 This hypothesis leads to a list of bold predictions. And as it turns out, all these predictions are correct.7 (And no, evolutionary psychologists do not only offer 'postdictions' or 'just so' stories. Notes
47 Mind-Blowing Psychology-Proven Facts You Should Know About Yourself I’ve decided to start a series called 100 Things You Should Know about People. As in: 100 things you should know if you are going to design an effective and persuasive website, web application or software application. Or maybe just 100 things that everyone should know about humans! The order that I’ll present these 100 things is going to be pretty random. Dr. <div class="slide-intro-bottom"><a href="