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Heuristics Revealed
On February 12, 1995, a party of three seasoned backcountry skiers set out for a day on the pristine slopes of Utah’s Wasatch Mountain Range. Steve Carruthers, 37 years old, was the most experienced of
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Current Decisions Shape Your Future Preferences
Psychologists have known for a long time that after you make a choice, you adjust your opinion to think better of the thing you chose. Now a new study has found that this is true
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The Psychology of Financial Decision Making and Economic Crises
How could the current financial crisis have happened? While fingers have been pointing to greedy banks, subprime-loan officers, and sloppy credit card practices, these are not the only contributors to the economic downturn. A new
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John A. Swets: A Signal Idea, a Singular Life
Our lives are full of yes-or-no questions: Will it storm today? Will the stock market rebound? Is this plane safe to fly? Is the witness lying? Do I have cancer? We are all diagnosticians in
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Under Pressure: Stress and Decision Making
A common way that researchers induce stress in study volunteers is by making them give a speech. In that case, there were plenty of opportunities during the APS 22nd Annual Convention to see the stress
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Goalkeeping with an ancient mind
Behavioral economist Ofer Azar did an intriguing study of premier soccer goalies a few years ago, worth dusting off for the World Cup. Azar, a lecturer at Ben-Gurion University in Israel, studied penalty kicks. A
