Archivio per 9 agosto 2012

09
Ago
12

Information Overload and Decision Making

See on Scoop.itBounded Rationality and Beyond

A summary of John Payne’s TED talk on decision making and information overload…

He uses a good example of information overload in decision making in talking about the 4 medical plans offered to him at the University – each of which had 33 different features such as additional costs for care and ambulance services. A second more common example is simply trying to select a mobile phone provider and plan – the options are dizzying and often hard to compare.

See on www.genesismc.co.uk

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09
Ago
12

DebtRank: Too Central to Fail? Financial Networks, the FED and Systemic Risk : Scientific Reports : Nature Publishing Group

See on Scoop.itBounded Rationality and Beyond

Systemic risk, here meant as the risk of default of a large portion of the financial system, depends on the network of financial exposures among institutions. Add also bounded rationality to maximixe risck.

See on www.nature.com

09
Ago
12

Why We Believe Our Own Lies

See on Scoop.itBounded Rationality and Beyond

Leon Festinger was an American social psychologist, responsible for the development of the Theory of Cognitive Dissonance, which suggests that when people are persuaded to say things and to behave in ways that are inconsistent with their beliefs, an uncomfortable psychological tension is aroused. This tension will lead people to change their beliefs to fit their actual behavior, rather than the other way around, as originally thought.

See on www.creativitypost.com




Time is real? I think not

agosto: 2012
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