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Latest Decision making Stories

2012-06-30 23:02:18

Three new templates add to the growing list of 24 templates that are easily imported with one click. New templates include purchasing new tires, buying a new camera, and picking the right college or university. Great Life Software produces Great Decisions a decision making tool for the every day user. Durango, CO (PRWEB) June 30, 2012 Great Life Software announces three new Decision-Making Software templates for Great Decisions 2.0. Great Life Software is committed to producing practical...

2012-06-21 02:20:22

Researchers at the RIKEN Brain Science Institute (BSI) in Japan have uncovered two brain signals in the human prefrontal cortex involved in how humans predict the decisions of other people. Their results suggest that the two signals, each located in distinct prefrontal circuits, strike a balance between expected and observed rewards and choices, enabling humans to predict the actions of people with different values than their own. Every day, humans are faced with situations in which they...

Decision Making In The Brain
2012-06-20 08:57:24

Front-most part of the cortex involved in making short-term predictions about what will happen next Researchers at the University of Iowa, together with colleagues from the California Institute of Technology and New York University, have discovered how a part of the brain helps predict future events from past experiences. The work sheds light on the function of the front-most part of the frontal lobe, known as the frontopolar cortex, an area of the cortex uniquely well developed in humans...

2012-04-25 11:51:24

In a study with implications for businesspeople in a global economy, researchers at the University of Chicago have found that people make more rational decisions when they think through a problem in a non-native tongue. People are more likely to take favorable risks if they think in a foreign language, the new study showed. "We know from previous research that because people are naturally loss-averse, they often forgo attractive opportunities," said UChicago psychologist Boaz Keysar, a...

2012-03-09 10:44:42

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 new research 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 new research. The results of a new study, published in the journal PLoS Computational Biology, suggest that our...

2012-02-09 00:52:52

Strategy for maximizing uncertain rewards shows in MRI, math models 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. Others consider their options systematically or randomly. But many choose to grapple with the uncertainty head on. "Explorers" order the special because they aren't sure they'll like it. It's a strategy of maximizing rewards by discovering whether as yet...

2012-01-17 16:50:53

Whether it's investing in stocks, bungee jumping or public speaking, why do we often plan to take risks but then "chicken out" when the moment of truth arrives?  In a new paper in the Journal of Behavioral Decision Making, scientists from the University of Colorado Boulder and Carnegie Mellon University argue that this "illusion of courage" is one example of an "empathy gap" – that is, our inability to imagine how we will behave in future emotional situations. According to the...


Word of the Day
call-note
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'
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