With My Right Brain
12.2K views | +0 today
Follow
With My Right Brain
Irrationality is predictable. We need to release "rational man" assumption.
Curated by Emre Erdogan
Your new post is loading...
Your new post is loading...
Scooped by Emre Erdogan
Scoop.it!

Trying Not to Try - Issue 10: Mergers & Acquisitions - Nautilus

Trying Not to Try - Issue 10: Mergers & Acquisitions - Nautilus | With My Right Brain | Scoop.it
In a famous story from ancient Chinese philosophy, Butcher Ding has been called upon to play his part in a traditional religious ceremony.…
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

Noahpinion: Behavioral economics vs. behavioral finance

Noahpinion: Behavioral economics vs. behavioral finance | With My Right Brain | Scoop.it
RT @davdittrich: RT @LisaKramer: "Behavioral economics vs. behavioral finance" - a good comparison:
http://t.co/klrHw2fYoH
more...
No comment yet.
Rescooped by Emre Erdogan from Bounded Rationality and Beyond
Scoop.it!

Biases and Implicit Knowledge - Munich Personal RePEc Archive

Biases and Implicit Knowledge - Munich Personal RePEc Archive | With My Right Brain | Scoop.it

Abstract

 

A common explanation for biases in judgment and choice has been to postulate two separate processes in the brain: a “System 1” that generates judgments automatically, but using only a subset of the information available, and a “System 2” that uses the entire information set, but is only occasionally activated. This theory faces two important problems: that inconsistent judgments often persist even with high incentives, and that inconsistencies often disappear in within-subject studies. In this paper I argue that these behaviors are due to the existence of “implicit knowledge”, in the sense that our automatic judgments (System 1) incorporate information which is not directly available to our reflective system (System 2). System 2 therefore faces a signal extraction problem, and information will not always be efficiently aggregated. The model predicts that biases will exist whenever there is an interaction between the information private to System 1 and that private to System 2. Additionally it can explain other puzzling features of judgment: that judgments become consistent when they are made jointly, that biases diminish with experience, and that people are bad at predicting their own future judgments. Because System 1 and System 2 have perfectly aligned preferences, welfare is well-defined in this model, and it allows for a precise treatment of eliciting preferences in the presence of framing effects.


Via Alessandro Cerboni
more...
No comment yet.
Rescooped by Emre Erdogan from Social Neuroscience Advances
Scoop.it!

The Self Is Not Defined by the Boundaries of Our Skin

The Self Is Not Defined by the Boundaries of Our Skin | With My Right Brain | Scoop.it
The mind is not only embodied but shaped by our relationships as well.

Via Tiago, Jocelyn Stoller
more...
No comment yet.
Rescooped by Emre Erdogan from Empathy and Compassion
Scoop.it!

A Feeling for Fiction

A Feeling for Fiction | With My Right Brain | Scoop.it
Books, movies, and plays are more than just entertainment, says psychologist and novelist Keith Oatley. They train us in the art of being human. He explains how fictional works nurture empathy and enhance our social and emotional lives.


When we examine this process of identification in fiction, we appreciate the importance of empathy—not only in enjoying works of literature, but in helping us form connections with those around us in the real world. 


=======================

These effects derive from our cognitive
capacity for empathy, and there are
indications that they can help shape
our relationships with friends, family,
and fellow citizens.

========


By Keith Oatley 

GreaterGood.berkeley.edu


Via Edwin Rutsch
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

Sameness and the self: philosophical and psych... [Front Psychol. 2014] - PubMed - NCBI

PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
more...
No comment yet.
Rescooped by Emre Erdogan from Bounded Rationality and Beyond
Scoop.it!

History, Expectations, and Leadership in the Evolution of Social Norms

History, Expectations, and Leadership in the Evolution of Social Norms | With My Right Brain | Scoop.it

Abstract

We study the evolution of a social norm of “cooperation” in a dynamic environment.Each agent lives for two periods and interacts with agents from the previous and nextgenerations via a coordination game. Social norms emerge as patterns of behaviorthat are stable in part due to agents’ interpretations of private information aboutthe past, influenced by occasional commonly-observed past behaviors. For sufficientlybackward-looking societies, history completely drives equilibrium play, leading to asocial norm of high or low cooperation. In more forward-looking societies, there is apattern of “reversion” whereby play starting with high (low) cooperation reverts towardlower (higher) cooperation. The impact of history can be countered by occasional“prominent” agents, whose actions are visible by all future agents and who can leveragetheir greater visibility to influence expectations of future agents and overturn socialnorms of low cooperation.

Via Alessandro Cerboni
more...
Eli Levine's curator insight, February 27, 2014 10:31 AM

Indeed, being forward looking helps one see greater possibilities than if one were to continuously be stuck in the past.

 

Another reason how conservatism in and of itself, is a detriment to the whole of human society.

 

Too much on the past.  Not enough potential to grow in the future.  Same old patterns, repeated again and again and again, with no real lessons being learned from any of it.

 

Silly brains.

 

Think about it.

Scooped by Emre Erdogan
Scoop.it!

Brain and intersubjectivity: a Hegelian hypothesis on the self-other neurodynamics

more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

The importance of being we: human nature and inte... [Am Psychol. 2007] - PubMed - NCBI

PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

"In-group love" and "out-group hate" as motives ... [Psychol Sci. 2008] - PubMed - NCBI

PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

New study settles how social understanding is performed by the brain

New study settles how social understanding is performed by the brain | With My Right Brain | Scoop.it
In a study to be published in Psychological Science, researchers from Aarhus University and the University of Copenhagen demonstrate that brain cells in what is called the mirror system help people make sense of the actions they see other people perform in everyday life.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

"Predicting the unpredictable" in Frontiers in Human Neuroscience

"Predicting the unpredictable" in Frontiers in Human Neuroscience | With My Right Brain | Scoop.it
"Predicting the unpredictable" in Frontiers in Human Neuroscience. I conducted my first presentiment experiment in 1996. As of today this type of experiment has been repeated something like 40 times by a dozen labs.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

Dishonesty increases creativity, study says - The Columbiachronicle

Dishonesty increases creativity, study says - The Columbiachronicle | With My Right Brain | Scoop.it
Dishonesty increases creativity, study says The Columbiachronicle Francesca Gino, associate professor of business administration at Harvard Business School, and Dan Ariely, professor of psychology and behavioral economics at Duke University,...
more...
No comment yet.
Rescooped by Emre Erdogan from Psyche & Neuroscience
Scoop.it!

The Gorgeous Reality of Not Being Liked by Everyone

The Gorgeous Reality of Not Being Liked by Everyone | With My Right Brain | Scoop.it
We want everyone to like us, but we shouldn’t.

Via Anne Leong
more...
Rescooped by Emre Erdogan from Empathy and Compassion
Scoop.it!

The Compassion Gap

The Compassion Gap | With My Right Brain | Scoop.it

There is an income gap in America, but just as important is a compassion gap. Plenty of successful people see a picture of a needy child and their first impulse is not to help but to reproach.

To break cycles of poverty, we have the tools to improve high school graduation rates, reduce teen pregnancies and increase employment. What we lack is the will to do so.

 

There may be neurological biases at work. A professor at Princeton found that our brains sometimes process images of people who are poor or homeless as if they were not humans but things.

 

=========================

Likewise, psychology experiments suggest

that affluence may erode compassion. 

===============

 

by Nicholas Kristof


Via Edwin Rutsch
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

The Science of Procrastination - And How To Manage It - YouTube

We'll write a description later.... Written and created by Mitchell Moffit (twitter @mitchellmoffit) and Gregory Brown (twitter @whalewatchmeplz). TWITTER: h...
more...
No comment yet.
Rescooped by Emre Erdogan from Bounded Rationality and Beyond
Scoop.it!

Understanding Investor Behavior

Understanding Investor Behavior | With My Right Brain | Scoop.it

Discover how some strange human tendencies can play out in the market, posing the question: are we really rational?

Behavioral finance certainly reflects some of the attitudes embedded in the investment system. Behaviorists will argue that investors often behave irrationally, producing inefficient markets and mispriced securities - not to mention opportunities to make money. That may be true for an instant, but consistently uncovering these inefficiencies is a challenge. Questions remain over whether these behavioral finance theories can be used to manage your money effectively and economically. (To continue reading on behavioral finance, see Taking A Chance On Behavioral Finance.)

That said, investors can be their own worst enemies. Trying to out-guess the market doesn't pay off over the long term. In fact, it often results in quirky, irrational behavior, not to mention a dent in your wealth. Implementing a strategy that is well thought out and sticking to it may help you avoid many of these common investing mistakes.


Via Alessandro Cerboni
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

A dynamically minimalist cognitive explanation... [Front Psychol. 2014] - PubMed - NCBI

PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

A comprehensive list of cognitive biases

A comprehensive list of cognitive biases | With My Right Brain | Scoop.it
The notion of cognitive biases was introduced by Amos Tversky and Daniel Kahneman in 1972 and grew out of their experience of people's innumeracy, or inability to reason intuitively with the greater orders of magnitude.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

Brain and intersubjectivity: a Hegelian h... [Front Hum Neurosci. 2014] - PubMed - NCBI

PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

Oxytocin promotes human ethnocentrism. [Proc Natl Acad Sci U S A. 2011] - PubMed - NCBI

PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

The Ontogeny of the Motivation That Underlies In... [Psychol Sci. 2014] - PubMed - NCBI

The Ontogeny of the Motivation That Underlies In... [Psychol Sci. 2014] - PubMed - NCBI | With My Right Brain | Scoop.it
PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
more...
No comment yet.
Scooped by Emre Erdogan
Scoop.it!

When Doctors Need to Lie

When Doctors Need to Lie | With My Right Brain | Scoop.it
Misleading your patient? Defying his wishes? Sometimes in medicine these things are necessary.
more...
No comment yet.