A Laboratory of the Future Human Experience
When it comes to making decisions, people are anything but rational.
Daniel McFadden, an economist has a new paper, “The New Science of Pleasure,” that shows the many ways economics fails to explain how we make decisions — and what it can learn from psychology, anthropology, biology, and neurology.
Continue reading… “Why economics is wrong about how we make choices”
Researchers claim older people deliberately take longer to make decisions – to improve their chances of making the right choice.
Think again if you thought that people of 70 aren’t as mentally quick off the mark as they used to be. They can have reactions as fast as 25-year-olds, a study reveals.
The more decisions a woman reported making on her own the less likely she was to have sex.
Johns Hopkins Bloomberg School of Public Health researchers examined the relationships between married women’s autonomy and the regularity of their sexual relations.
The influence children wield over their parents’ purchase decisions at the point of sale is grossly underestimated by parents. This was shown in a new study conducted by researchers at the University of Vienna, Austria. According to the study by consumer researchers Claus Ebster and Udo Wagner, twice as many purchases in supermarkets are triggered by children than their parents are aware of. The study was published in the internationally renowned Journal of Retailing and Consumer Services.
Continue reading… “Study Shows Parents Unaware How Much Their Children Make Them Buy”
Attitudes change and importance of parents grows after the age of 22, according to a new study.
Continue reading… “Kids Realize Importance Of Parents At Age 22”
The internet is not just changing the way people live but altering the way our brains work with a neuroscientist arguing that this is an evolutionary change which will put the tech-savvy at the top of the new social order.
Continue reading… “Internet Altering the Way Our Brains Work”
Women are more virtuous than men, suggests a survey which found that females outscore males on every moral conscience.
Fishing in the stream of consciousness, researchers now can detect our intentions and predict our choices before we are aware of them ourselves. The brain, they have found, appears to make up its mind 10 seconds before we become conscious of a decision — an eternity at the speed of thought.
Continue reading… “Studies Show the Value of Not Overthinking Our Decisions”
An April 2008 Cogent Research survey found that US investors are highly engaged in social media, and their investment decisions are influenced accordingly.
The study found that 25% of US online adults are engaged in social media specifically related to personal finance and investing.
Continue reading… “Social Media Influencing Investment Decisions”
Each day, we are bombarded with options — at the local coffee shop, at work, in stores or on the TV at home. Do you want a double-shot soy latte, a caramel macchiato or simply a tall house coffee for your morning pick-me-up” Having choices is typically thought of as a good thing. Maybe not, say researchers who found we are more fatigued and less productive when faced with a plethora of choices.
Continue reading… “Choice is Bad, Choice is Good, Choice is Exhausting”