Prospect Theory

Over the last two postings I have been reviewing Stephen M. Garcia and Avishalom Tor’s “ N-Effect .” In this third and concluding posting I ...

In this second installment of a three part series, I explore alternatives to Stephen M. Garcia and Avishalom Tor ’s “N-Effect” theory and s...

Does the number of people in a competition influence competitive motivation? If so, would additional competitors likely increase or decrease...

Imagine that you were asked to choose between two movies recommended by Netflix. For the purposes of this exercise, also imagine that you ar...

Photographer: Mark Hanlon MIT is currently in its Independent Activities Period ( IAP ). Each January students take a break from regular cla...

I have a meeting with Harvard Professor Max Bazerman today. As most readers will know, Professor Bazerman is world renowned for his researc...

This year’s Society for Judgment and Decision Making conference featured a symposium organized by CMU’s Leslie John and Jessica Wisdom on “B...