Collective Conservatism

Collective Conservatism

Groupthink is one of the most dangerous phenomenon that our world faces today. Families, companies, and governments can all find themselves stuck in groupthink, unable to adapt to a world that no longer fits the model and expectations that drive traditional thinking. When everyone has the same thought processes and members of the group discount … Continue reading Collective Conservatism

The Power of Inertia - Joe Abittan

The Power of Inertia

For Richard Thaler and Cass Sunstein, inertia plays a critical role in the idea of using nudges to influence people toward making good decisions. Particularly in regard to default choices, inertia matters a lot. People accept defaults, and making any change, whether it is trivial, important, time consuming, or very simple, is stubbornly resisted by … Continue reading The Power of Inertia

Can We Avoid Cognitive Errors?

Can We Avoid Cognitive Errors?

Daniel Kahneman is not very hopeful when it comes to our ability to avoid cognitive errors. Toward the end of his book Thinking Fast and Slow, a book all about cognitive errors, predictable biases, and situations in which we can recognize such biases and thinking errors, Kahneman isn't so sure there is much we can … Continue reading Can We Avoid Cognitive Errors?

The Dominance of Loss Aversion - Joe Abittan

The Dominance of Loss Aversion

Loss aversion is a dominant force in many of our individual lives and in many of our societies. At this moment, I think it is one of the greatest barriers to change and growth that our entire world needs to overcome in order to move forward to address climate change, to create more equitable and … Continue reading The Dominance of Loss Aversion

Status Quo in Healthcare

Status Quo in Healthcare

How can we really make change to the United States healthcare system? Dave Chase, in his book The Opioid Crisis Wake-Up Call argues that changes to the system need to come from private businesses, because private businesses are responsible for the health insurance coverage for over 50% of American's. If business don't take action and … Continue reading Status Quo in Healthcare

More on Temporal Landmarks

According to Daniel Pink in his book When, temporal landmarks can come in two varieties, social and personal. Social temporal landmarks are the dates that everyone shares in common while personal landmarks are the significant dates in our own lives such as birthdays, anniversaries, and dates of significant life events. Studies presented in Pink's book … Continue reading More on Temporal Landmarks

The Disruptiveness of Political Amateurs

Our society is all about disruption. I am writing this from Reno, Nevada, a city heavily influenced by San Francisco and Silicon Valley tech culture. Today number of Silicon Valley firms are spilling into Northern Nevada to take advantage of our great weather, beautiful outdoors, and minimal traffic. Along with theses firms comes the mindset … Continue reading The Disruptiveness of Political Amateurs