Study looks at how order of choices affects consumer decisions
From the University of Chicago Press Journals press release: Let’s say you’ve got to book a flight, choose a hotel, and rent a car. Does it matter which thing you shop for first? A new…
Study suggests bias in decision-making can lead to poor choices and possibly depression
From the University College London press release: When faced with making a complicated decision, our automatic instinct to avoid misfortune can result in missing out on rewards, and could even contribute to depression, according to…
Study suggests collaboration is not always productive in decision-making
From the Association for Psychological Science press release: From the corporate boardroom to the kitchen table, important decisions are often made in collaboration. But are two—or three or five—heads better than one? Not always, according…
Study suggests unconstrained power can hinder decision-making
From the USC Marshall School of Business press release via EurekAlert!: Grave consequences can result from bad decisions made by people in leadership positions. Case in point: the 2009 Gulf of Mexico oil rig disaster.…
Study looks at effects of stress on decisionmaking
From the Association for Psychological Science press release: Trying to make a big decision while you’re also preparing for a scary presentation? You might want to hold off on that. Feeling stressed changes how people…
Study suggests genes may play role in investment styles
From the Arizona State University press release via Physorg: Whether you’re a safe, conservative investor or a fast-trading stock-swapper, genes may actually play a role in some of your decisions. Individuals frequently exhibit investment biases,…
Study suggests distance can help with consumer decision-making
From the University of Chicago Press Journals press release via EurekAlert!: Consumers who are having trouble making decisions can benefit from creating some psychological—or physical—distance, according to a new study in the Journal of Consumer…
Study looks at importance of numeracy
From the Association for Psychological Science press release: Cancer risks. Investment alternatives. Calories. Numbers are everywhere in daily life, and they figure into all sorts of decisions. A new article published in Current Directions in Psychological…
Study suggests that incentives may help with decision-making
From the University of Iowa press release: Money is great for buying stuff, but a new study by University of Iowa finance professors suggests it’s also useful for keeping score and might help people make…
Study looks at part of brain activated by dealing with uncertainty
From the Brown University press release: Life shrouds most choices in mystery. Some people inch toward a comfortable enough spot and stick close to that rewarding status quo. Out to dinner, they order the usual.…