cult and paste

be careful where you clique

decision fatigue, paralysis and the depletion of ego

Introductory anecdote: How people are driven (part 1)

In Israel, parole boards usually grant parole 30% of the time on average, except after meals and breaks when they grant parole 60% of the time

___________________________

THE IRRATIONALITY OF DECISION MAKING and the art of ending up with crap you never wanted to deal with (part 2)

Up until the 1960’s we were told that bad decisions were the result of faulty emotions. Then one day Daniel Kahneman realized that making a decision is an inherently irrational process. We constantly edit and evaluate with distorted and incomplete data sets to assess losses and gains. For this “prospect theory” he was given a nobel prize in economics and went on to find out just how madly overconfident and silly we all are.

——————————-

His latest work is a collection of anecdotes on decision fatigue

Decision fatigue refers to the deteriorating quality of decisions made by an individual, after a long session of decision making. It is now understood as one of the causes of irrational trade-offs in decision making. Experiments have shown the interrelationship between decision fatigue and ego depletion, whereby a person’s ability for self-control against impulses decreases in the face of decision fatigue.

That’s why candy bars come at the checkout counter

SIDE NOTE

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: