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What Are Cognitive Executive Functions? – Neurodecision
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What Are Cognitive Executive Functions? Leave a Reply Cancel reply. Enter your comment here. Fill in your details below or click an icon to log in:. Address never made public). You are commenting using your WordPress.com account. ( Log Out. You are commenting using your Twitter account. ( Log Out. You are commenting using your Facebook account. ( Log Out. You are commenting using your Google account. ( Log Out. Notify me of new comments via email. View @neurodecision’s profile on Twitter.
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Bias 7: The Law of Small Numbers – Neurodecision
https://neurodecision.wordpress.com/2014/06/13/bias-7-the-law-of-small-numbers
June 13, 2014. October 6, 2015. Bias 7: The Law of Small Numbers. A study carried out by an eminent institution in a poor, tropical country reveals that 20% of the inhabitants of a small rural village have a psychological disease whose average prevalence in the country is 1%. This region is very dry so their inhabitants lack vitamin C. Moreover, the level of endogamy is particularly high in this village. What do you think are the most probable reasons for the psychological disease? Enter your comment here.
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Bias 6: Endowment Effect – Neurodecision
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June 13, 2014. October 6, 2015. Bias 6: Endowment Effect. Most people prefer to keep the tickets they bought for 70 even though they could have made 300 by selling it. This is partially due to the endowment effect, the fact that we value more what we have than what we have not. Thinking fast and slow, D.Kahneman. Posted in Cognitive biases. Leave a Reply Cancel reply. Enter your comment here. Fill in your details below or click an icon to log in:. Address never made public). Bias 5: Moral Dilemma →.
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Bias 2: Herding Effect – Neurodecision
https://neurodecision.wordpress.com/2014/06/13/bias-2-herding-effect-are-our-neurons-conformist
June 13, 2014. October 7, 2015. Bias 2: Herding Effect. We are all influenced by the opinions expressed by others when making decisions. This natural tendency results from the anchoring effect,. Which occurs when we rely too heavily on the first piece of information, no matter how irrelevant, when making decisions. A famous and funny experiment to m. Why are we so biased by the behavior, no matter how irrational, of others? The Journal of Neuroscience. Posted in Cognitive biases. Enter your comment here.
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Bias 5: Moral Dilemma – Neurodecision
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June 13, 2014. October 5, 2015. Bias 5: Moral Dilemma. Mathematically, both situations are identical. You save 5 lives compared to 1; however, the second case directly involves our responsibility. WE. Moll, J., and de Oliveira-Souza, R. (2007). Moral judgments, emotions and the utilitarian brain. Trends in cognitive sciences, 11(8), 319-321. Posted in Cognitive biases. Leave a Reply Cancel reply. Enter your comment here. Fill in your details below or click an icon to log in:. Address never made public).
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How Do We Decide in Uncertainty? – Neurodecision
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How Do We Decide in Uncertainty? Test your investor profile! As a CFO, we can choose to invest in between three options:. We get 500.000. We invest in a stock with a 50% of chance of earning 1M or nothing. We invest in an industrial project on which we have little information except that we can earn 1M, if it is successful or we earn nothing. What do we choose? If you have read the articles on the Ellsberg. Because we try as much as possible to avoid uncertainty when making a financial investment. Probab...
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What is the Role of Emotions in Moral Judgement? – Neurodecision
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What is the Role of Emotions in Moral Judgement? A long Cartesian tradition tends to present emotions as deterring us from morality, pure fruit of our rationality. Other philosophical streams have contrarily put emotions at the basis of morality. This everlasting debate has recently been the object of neuroscientific studies. They have shown that the prefrontral ventromedian cortex. Plays a crucial role in both emotion regulation and moral judgment. Let’s have a look at these three moral dilemmas. Decide...
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Bias 3: Ratio Bias – Neurodecision
https://neurodecision.wordpress.com/2014/06/13/bias-3-denominator-neglect
June 13, 2014. October 6, 2015. Bias 3: Ratio Bias. As purchasing managers in a cosmetics firm, we can buy two kinds of skin-care products from our supplier:. Has a risk of 2.4% to trigger skin allergies. Has caused skin allergies in 223 people among 9325. Which one do you buy (try not to make the calculation)? Thinking fast and slow, D.Kahneman. Posted in Cognitive biases. Leave a Reply Cancel reply. Enter your comment here. Fill in your details below or click an icon to log in:. Send to Email Address.
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Neurodecision – Page 2 – Risk Profiler
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October 5, 2014. October 5, 2015. Thinking Fast and Slow…. Continue reading →. October 5, 2014. October 7, 2015. Are you ambiguity averse? Continue reading →. October 5, 2014. October 6, 2015. Is Your Dollar Worth More Today? Continue reading →. October 5, 2014. October 7, 2015. To be objective, be simple! Continue reading →. October 5, 2014. October 6, 2015. How Do We Reduce Cognitive Biases in Organizations. Continue reading →. June 15, 2014. October 6, 2015. Bias 1: Causality Fallacy. June 13, 2014.
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What are Cognitive Biases? – Neurodecision
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What are Cognitive Biases? Pay attention to this picture. However, this is not a video but a static representation of geometrical figures. Now that you know this is not a video, look at it again. It is still moving. We are interviewing candidates for a given position and at the end of the day, we clearly remember the candidate who went to the same school as us. This is both a memory and familiarity bias which will certainly influence our final decision. In brief, cognitive biases are deviations or errors...
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