Social learning and risk aversion

Social Learning and Risk Aversion

In his book Risk Savvy, Gerd Gigerenzer looks at risk aversion in the context of social learning and presents interesting ideas and results from studies of risk aversion and fear. He writes, "In risk research people are sometimes divided into two kinds of personalities: risk seeking and risk averse. But it is misleading to generalize … Continue reading Social Learning and Risk Aversion

Acknowledging Nudges

Acknowledging Nudges

In the book Nudge, Cass Sunstein and Richard Thaler argue that it is impossible to avoid and eliminate nudges. Whenever people have a choice to be made, someone else has a hand in shaping how that choice is presented and structured. Even if a choice architect were to strive to maximize choice and decision-making autonomy … Continue reading Acknowledging Nudges

Public vs Private Choice Architects - Joe Abittan

Who to Fear: Public vs Private Choice Architects

A question that Cass Sunstein and Richard Thaler raise in their book Nudge is whether we should worry more about public or private sector choice architects. A choice architect is anyone who influences the decision space of another individual or group. Your office's HR person in charge of health benefits is a choice architect. The … Continue reading Who to Fear: Public vs Private Choice Architects

Should We Assume Rationality?

Should We Assume Rationality?

The world is a complex place and people have to make a lot of decisions within that complexity. Whether we are deliberate about it or not, we create and manage systems and structures for navigating the complexity and framing the decisions we make. However, each of us operate from different perspectives. We make decisions that … Continue reading Should We Assume Rationality?

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

Affect Heuristics

Affect Heuristics

I studied public policy at the University of Nevada, Reno, and one of the things I had to accept early on in my studies was that humans are not as rational as we like to believe. We tell ourselves that we are making objective and unbiased judgments about the world to reach the conclusions we … Continue reading Affect Heuristics

Help Them Build a Better Life

Help Them Build a Better Life

It is an unavoidable reality that we are more motivated by what is in our immediate self-interest than we would like to admit. This idea is at the heart of Kevin Simler and Robin Hanson's book The Elephant in the BrainĀ and can be seen everywhere if you open your eyes to recognize it. I'm currently … Continue reading Help Them Build a Better Life

Signaling Loyalty

Politics is an interesting world. We all have strong opinions about how the world should operate, but in general, most of us don't have much deep knowledge about any particular issue. We might understand the arguments about charter schools, about abortions, or about taxes, but very few of us have really studied any of these … Continue reading Signaling Loyalty

Three Factors That Push In Favor of Religious Belief

In The Elephant in the Brain by Kevin Simler and Robin Hanson, the idea that many of the ways we act and behave have little to do with our stated reason for our actions and behaviors is explored in great detail. The authors' thesis is that our self-interest dominates many of our decisions. The authors … Continue reading Three Factors That Push In Favor of Religious Belief