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CFED: Behavioral Lessons From the World Cup

CFED: Behavioral Lessons From the World Cup | With My Right Brain | Scoop.it
RT @IPA_US: Behavioral economics and the world cup via @CFED http://t.co/SoRWsDhYqA Go #USA
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With My Right Brain
Irrationality is predictable. We need to release "rational man" assumption.
Curated by Emre Erdogan
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What Are Freud's 3 Levels of Mind?

What Are Freud's 3 Levels of Mind? | With My Right Brain | Scoop.it
Do thoughts and desires outside of awareness influence our behavior? Learn about Freud's three levels of awareness: the conscious, preconscious, and unconscious mind.
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Seductions of Happiness - Oxford Handbooks

In this essay, the author discusses and rejects the possibility that happiness is an illusion, a fruitless goal whose pursuit underscores the desperation of the human condition.
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New Oxytocin Neuroscience Counters "Cuddle Hormone" Claims

New Oxytocin Neuroscience Counters "Cuddle Hormone" Claims | With My Right Brain | Scoop.it
Researchers are still working out the nuances of how oxytocin affects the brain, with few studies definitively linking autism to problems in oxytocin signaling
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Rationality and Emotional Biases. Do You Know What They Are?

Rationality and Emotional Biases. Do You Know What They Are? | With My Right Brain | Scoop.it

A common interpretation in behavioural finance is that rationality is the result of a pure cognitive process which can be behaviourally biased. In general, the bias has a negative connotation because it produces a distortion in the calculation of an outcome. When a decision-making process is cognitively biased the outcome leads to sub-optimal results or judgement errors. Roughly speaking, the subject might make irrational choices due to faulty reasoning, statistical errors, lack of information, memory errors, and the like. Differently, when the decision is emotionally biased, it means that the cognitive process has been influenced by feelings, affects, moods, and so on (let’s label these states “emotions”). This leads us to irrational decisions or actions. (Pompian 2006, Livet 2010, Mazzoli and Marinelli 2011, Fairchild 2014)

In this interpretation, cognitive and emotional processes are discrete and produced by two different systems: a cognitive and an emotional system. While cognitive biases are influences that affect rationality from within the cognitive system, emotional biases refer to those influences that affect the cognitive system from outside.


Via Alessandro Cerboni
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Miklos Szilagyi's curator insight, June 25, 1:33 AM

"...Wide-ranging investigation into people's motivations, abilities, attitudes, and perceptions finds that they differ in profound ways from what is typically assumed. The result is that public policy acquires even greater significance, since rather than merely facilitating the conduct of human affairs, policy actually shapes their trajectory..."

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Feng: Are you fooled by randomness of baseball? - The Detroit News

Feng: Are you fooled by randomness of baseball? - The Detroit News | With My Right Brain | Scoop.it
Do you remember April 20? The Tigers had an 11-2 record and looked like an offensive juggernaut.
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Richard Thaler And 'The Making Of Behavioral Economics' - Here And Now

Richard Thaler And 'The Making Of Behavioral Economics' - Here And Now | With My Right Brain | Scoop.it
Robin Young moderates a conversation between Richard Thaler and Daniel Gilbert about Thaler's new book "Misbehaving."
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The Time For Storytelling is Now via @Onboardly

The Time For Storytelling is Now via @Onboardly | With My Right Brain | Scoop.it
Guest post from author Mark Evans. For startups to stand out amongst a noisy world of content, the focus must be placed on storytelling for engagement.

Via José Carlos
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Search for topical articles, influencers and conversations

Search for topical articles, influencers and conversations | With My Right Brain | Scoop.it
Discover fresh relevant content to your interests, save interesting articles, follow influential experts, be the first to share soon-to-be viral content and much more
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How people rationalize fraud - Kelly Richmond Pope

How people rationalize fraud - Kelly Richmond Pope | With My Right Brain | Scoop.it
If you ask people whether they think stealing is wrong, most of them would answer yes. And yet, in 2013, organizations all over the world lost an estimated total of $3.7 trillion to fraud. Kelly Richmond Pope explains how the fraud triangle, (developed by criminologist Donald Cressey) can help us understand how seemingly good people can make unethical decisions in their daily lives.
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Game of Thrones Reignites the Greek Tale of Iphigeneia - Greek Reporter

Game of Thrones Reignites the Greek Tale of Iphigeneia - Greek Reporter | With My Right Brain | Scoop.it
Like the ancient mythology that confounded the Greeks, the latest twist in Game of Thrones has challenged its audience.
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We can restore cognition by manipulating where the body meets the mind

We can restore cognition by manipulating where the body meets the mind | With My Right Brain | Scoop.it
By Michal Schwartz, Weizmann Institute of Science; Aleksandra Deczkowska, Weizmann Institute of Science, and Kuti Baruch, Weizmann Institute of Science Whe ...
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Teaching Behavioral Economics

You’re considering teaching behavioral economics to undergraduates? Or, you’ve been told to? Either way, great! In the hope that you and your students will enjoy the experience just as much as I have, here are some tips to get you off to a flying

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About human irrationality and overconfidence / nugget

About human irrationality and overconfidence / nugget | With My Right Brain | Scoop.it
Common gestureThinking, Fast and Slow Daniel Kahnemanhttp://t.co/yyoa2pI4CJ http://t.co/FPteWalXg6
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Network Hubs in the Brain Have the Biggest Impact on Behavior

Network Hubs in the Brain Have the Biggest Impact on Behavior | With My Right Brain | Scoop.it

The most highly evolved brain region in mammals is the prefrontal cortex, which regulates our thoughts, actions, and emotions through extensive connections with other brain regions. Studies in humans have shown that multiple parts of the prefrontal cortex are activated during memory tasks, but patients with damage to some of these areas do not always have memory problems. As a result, researchers have disputed whether memory deficits are caused by damage to individual brain areas subserving specific cognitive functions or by an interruption in the flow of information among widely distributed areas in the prefrontal cortex.

A recently proposed hypothesis reconciles these views by suggesting that cortical areas form a highly ordered network containing hubs that play a critical role in information processing, such that damage to a hub results in severe cognitive impairment. However, most investigations of network structure have relied on either anatomical studies or functional neuroimaging of spontaneous activity at rest, ignoring brain activity related to specific cognitive tasks.

In a study published this week in PLOS Biology, Yasushi Miyashita of the University of Tokyo School of Medicine and his colleagues used functional magnetic resonance imaging (fMRI) and a novel simulated-lesion method in monkeys to show that virtual damage to a prefrontal cortex hub, which was the most highly interconnected with other brain areas activated during a memory task, was predicted to produce the most severe memory impairment. By contrast, virtual damage to a highly interconnected prefrontal cortex hub that was previously identified in anatomical tracer studies was not predicted to produce severe memory problems. According to the authors, these findings lay the foundation for precisely predicting the behavioral and cognitive impact of injuries or surgical interventions in the human brain.


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There is a scientific reason that once you fall in love with a boyband, there's no going back

There is a scientific reason that once you fall in love with a boyband, there's no going back | With My Right Brain | Scoop.it
TOLD YOU IT WAS REAL LOVE, MUM
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Schizophrenia May Be the Price We Pay for a Big Brain

Schizophrenia May Be the Price We Pay for a Big Brain | With My Right Brain | Scoop.it
The disease is linked to genetic changes on the evolutionary road from ape to human
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Democracy 2.1 voting system to be used in Tunisia - Prague Post

Democracy 2.1 voting system to be used in Tunisia - Prague Post | With My Right Brain | Scoop.it
Czech philanthropist Karel Janeček exports his improved election system
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The Economist Who Realised How Crazy Humans Are - Bloomberg Businessweek Middle East - Business news and analysis

The Economist Who Realised How Crazy Humans Are - Bloomberg Businessweek Middle East - Business news and analysis | With My Right Brain | Scoop.it
Thaler focused on the things that people did that challenged economic models of rational choice...
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Individuals with social phobia have too much serotonin -- not too little

Individuals with social phobia have too much serotonin -- not too little | With My Right Brain | Scoop.it
Previous studies have led researchers to believe that individuals with social anxiety disorder/ social phobia have too low levels of the neurotransmitter s ...
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Emotional brains 'physically different' to rational ones

Emotional brains 'physically different' to rational ones | With My Right Brain | Scoop.it
The work, led by Robert Eres from the University's School of Psychological Sciences, pinpointed correlations between grey matter density and cognitive and affective empathy.


The study looked at whether people who have more brain cells in certain areas of the brain are better at different types of empathy.


"People who are high on affective empathy are often those who get quite fearful when watching a scary movie, or start crying during a sad scene. Those who have high cognitive empathy are those who are more rational, for example a clinical psychologist counselling a client,"  


Via Edwin Rutsch
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The effect of incentives on the evolution of cooperation

The effect of incentives on the evolution of cooperation | With My Right Brain | Scoop.it
Social dilemmas, in which an individual profits from selfishness, unless the whole group chooses the selfish option, have long provided an academic challen ...
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Nudge theory and cashew nuts

Nudge theory and cashew nuts | With My Right Brain | Scoop.it
Thx!“@ViviFriedgut: v enjoyed @R_Thaler "Nudge and cashew nuts" [podcast] http://t.co/cctY9m3Vel w @rohan__silva via @IndexVentures @cape”
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Metaphors help us read other people's minds

Metaphors help us read other people's minds | With My Right Brain | Scoop.it
MARCH 12, 2015 0 130
Friends use metaphors more often when speaking to one another, and this helps them gauge each other’s emotional state, according to a study published in the journal  Memory & Cognition. The Canadian researchers who performed the study conclude that metaphors facilitate social interactions, comprehension and empathy.



Metaphors are generally used to describe an unfamiliar territory in familiar terms, using words whose sense should not be taken literally. “His head was spinning with idea”, “her home was a prison”. Cognitively speaking, metaphors strain mental resources, but Andrea Bowes and Albert Katz of the University of Ontario in Canada found that not only are these understood with relative easy and commonly used, but might be essential to solid human relationships.

The Theory of Mind describes one’s ability to infer another people’s state of mind, beliefs, knowledge, intents or desires. Some people are better at this than other, and some have a Theory of Mind impaired, like autistic individuals. Essentially, those who have a firm grasp upon the Theory of Mind can predict other people’s behavior. They can read their minds – if I’m also allowed to use a metaphor. Speaking of which, the researchers found in two experiments that those people who had been exposed to metaphors scored better at Theory of Mind tests, liked the  Reading the Mind in the Eye Test (RMET). In this famous test, people have to identify the true emotional state of people displayed in black and white photographs of 36 pairs of eyes.

The eyes are often called the window to the soul. Our eyes widen in fear, boosting sensitivity and expanding our field of vision to locate surrounding danger. When repulsed, our eyes narrow, blocking light to sharpen focus and pinpoint the source of our disgust. And so on for other emotions. There’s so much you can tell just by looking a person in the eyes.

In the first experiment, 39 volunteers attentively read either metaphorical or literal sentences as part of a story. They were then given a surprise Theory of Mind task. The participants who read the metaphorical sentences were significantly better at identifying the correct emotions in the sets of pictures they were presented with in the Reading the Mind in the Eye Test.





The second experiment played back a couple of short stories and participants had to rate the speakers on a variety of interpersonal and social characteristics. The speakers who used metaphors in their conversations where  judged to be closer friends than those who did not use this figure of speech.

“The research explains why we speak differently with friends and family than with strangers, and shows how we make friends and meet partners simply with the style of language we use,” says Bowes. “It provides novel evidence that metaphor plays a special role in orientating one to the mental state of others.”
Not surprisingly, this is where books comes in. Books not only help shape the vocabulary, but also expose the reader to numerous metaphors. After all, there’s no other way – for an author, metaphors are his bread and butter.

“Our findings, along with some others, also stress the importance of literature in fostering and understanding human empathy,” adds Katz. “Reading fiction in general, and metaphors specifically,  indeed promotes people’s ability to identify the emotions or mental state of others.”
Reference: Bowes, A. & Katz, A. (2015). Metaphor creates intimacy and temporarily enhances Theory of Mind, Memory & Cognition. DOI 10.3758/s13421-015-0508-4

Via Charles Tiayon
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ToKTutor's curator insight, March 14, 11:00 AM

Title 5: Metaphor & empathy: how language and emotion work together to produce knowledge of others.

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Female psychopaths process moral judgements differently than male psychopaths

Female psychopaths process moral judgements differently than male psychopaths | With My Right Brain | Scoop.it
In the first neuroimaging study of incarcerated female psychopaths, researchers have shown that female psychopaths may process moral emotions differently t ...
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Finance Has Caught On to Behavioral Economics

Finance Has Caught On to Behavioral Economics | With My Right Brain | Scoop.it
Finance researchers look for what works, not grand theories.
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