Monkeys Make The Same Bad Gambling Decisions That Humans Do

Humans have a remarkable ability to see patterns where none exist. In the hot-hand phenomenon we perceive streaks of wins or losses where the data, in truth, are random. New research shows that monkeys are subject to the same bias, which might suggest that the bias is evolutionarily adaptive, and maybe even rational. » 7/01/14 10:40am 7/01/14 10:40am

How to manipulate people into choosing the worst option

When we are choosing which action to take, one of the most basic calculations which guide us is, "How likely is it to lead to one option or another." We need to think of all possible outcomes, and the rough probability of each one occurring. There is a problem with this. We are not great at assessing probability. … » 3/06/14 8:00am 3/06/14 8:00am

Don't worry, you're not as below average as you think you are

People, no offense to those who might be reading, are conceited nitwits who think they're far better at things than they actually are. But it also turns out there are certain situations in which they are convinced they're way worse than they actually are. Here's how low self-esteem strikes a blow against accuracy. » 2/17/14 6:40am 2/17/14 6:40am