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Rescooped by Alessandro Cerboni from COMPLEX ADAPTIVE SYSTEMS IN NATIONAL SECURITY onto Bounded Rationality and Beyond
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You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups

You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups | Bounded Rationality and Beyond | Scoop.it

A common finding in social sciences is that member change hinders group functioning and performance. However, questions remain as to why member change negatively affects group performance and what are some ways to alleviate the negative effects of member change on performance? To answer these questions we conduct an experiment in which we investigate the effect of newcomers on a group’s ability to coordinate efficiently. Participants play a coordination game in a four-person group for the first part of the experiment, and then two members of the group are replaced with new participants, and the newly formed group plays the game for the second part of the experiment. Our results show that the arrival of newcomers decreases trust among group members and this decrease in trust negatively affects group performance. Knowing the performance history of the arriving newcomers mitigates the negative effect of their arrival, but only when newcomers also know the oldtimers performance history. Surprisingly, in groups that performed poorly prior to the newcomers’ arrival, the distrust generated by newcomers is mainly between oldtimers about each other rather than about the newcomers.


Via Ashish Umre, Complexity Digest, Betty Cares
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Rescooped by Alessandro Cerboni from Mindfull Decision Making
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Illusory Correlations: When The Mind Makes Connections That Don’t Exist

Illusory Correlations: When The Mind Makes Connections That Don’t Exist | Bounded Rationality and Beyond | Scoop.it
Why do CEOs who excel at golf get paid more, despite poorer stock market performance?

Via Philippe Vallat
luiy's curator insight, May 10, 5:10 PM

To see how easily the mind jumps to the wrong conclusions, try virtually taking part in a little experiment...

 

...imagine that you are presented with information about two groups of people about which you know nothing. Let's call them the Azaleans and the Begonians.

 

For each group you are given a list of positive and negative behaviours. A good one might be: an Azalean was seen helping an old lady across the road. A bad one might be: a Begonian urinated in the street.

So, you read this list of good and bad behaviours about the Azaleans and Begonians and afterwards you make some judgements about them. How often do they perform good and bad behaviours and what are they?

What you notice is that it's the Begonians that seem dodgy. They are the ones more often to be found shoving burgers into mailboxes and ringing doorbells and running away. The Azaleans, in contrast, are a sounder bunch; certainly not blameless, but overall better people.

 

While you're happy with the judgement, you're in for a shock. What's revealed to you afterwards is that actually the ratio of good to bad behaviours listed for both the Azaleans and Begonians was exactly the same. For the Azaleans 18 positive behaviours were listed along with 8 negative. For the Begonians it was 9 positive and 4 negative.

In reality you just had less information about the Begonians. What happened was that you built up an illusory connection between more frequent bad behaviours and the Begonians; they weren't more frequent, however, they just seemed that way.

When the experiment is over you find out that most other people had done exactly the same thing, concluding that the Begonians were worse people than the Azaleans.

Rescooped by Alessandro Cerboni from Black swans, risks and crisis
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Cognitive Biases in Times of Uncertainty

Cognitive Biases in Times of Uncertainty | Bounded Rationality and Beyond | Scoop.it
We live in a world of increasing pressure and uncertainty, driven in large part by digital technology infrastructures. These marvelous infrastructures bring us unprecedented connectivity and opportunities to better ourselves.

Via Philippe Vallat
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Rescooped by Alessandro Cerboni from Cognitive Science
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Your Backup Brain | Psychology Today

Your Backup Brain | Psychology Today | Bounded Rationality and Beyond | Scoop.it
There's a "second brain" in your stomach, and it influences mood, what you eat, all kinds of disease, and decision-making. And you thought it was all in your head.

Via Sakis Koukouvis, Romylos Pantzakis
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