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How the Sunk Cost Fallacy Impacts Your Relationships
In the field of economics, the sunk cost fallacy — also called the sunk cost effect — is notorious. It occurs whenever we double down on poor financial decisions based on past investments that can’t
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Encouraging Innovation in Entrepreneurship
Drawing from his newest book, Stephen Reed explores the cognitive and social skills required for innovation, the transition from theory to practice, and more.
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Economic Field Experiments Complement Understanding of Judgment Bias
Field experiments in economics can serve an invaluable intellectual role alongside traditional laboratory research.
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Economic Field Experiments Complement Understanding of Judgment Bias
Field experiments in economics can serve an invaluable intellectual role alongside traditional laboratory research.
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New Content From Current Directions in Psychological Science
A sample of articles on youth irritability, visualizing data, narcissism, cultural adaptations and responses to collective threat, experiments in economics, inhibitory control in memory, and the development of communication.
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Daniel Kahneman
Daniel Kahneman is a psychologist, winner of the Nobel Prize in Economics, and recipient of the Presidential Medal of Freedom. Daniel joins the Armchair Expert to discuss the complexity of human nature, studying judgment and
