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Latest Decision making Stories

2011-08-23 21:16:22

We make decisions all our lives–so you'd think we'd get better and better at it. Yet research has shown that younger adults are better decision makers than older ones. Some Texas psychologists, puzzled by these findings, suspected the experiments were biased toward younger brains. So, rather than testing the ability to make decisions one at a time without regard to past or future, as earlier research did, these psychologists designed a model requiring participants to evaluate each...

2011-06-06 20:11:32

Birds do it. Bees do it. Even little kids picking strawberries do it. Every creature that forages for food decides at some point that the food source they're working on is no richer than the rest of the patch and that it's time to move on and find something better. This kind of foraging decision is a fundamental problem that goes far back in evolutionary history and is dealt with by creatures that don't even have proper brains, said Michael Platt, a professor of neurobiology and director of...

2011-05-18 13:36:35

Neuroeconomic research at the University of Pennsylvania has conclusively identified a part of the brain that is necessary for making everyday decisions about value. Previous functional magnetic imaging studies, during which researchers use a powerful magnet to determine which parts of a subjects brain are most active while doing a task, have suggested that the ventromedial frontal cortex, or VMF, plays an evaluative role during decision making. Now, Joseph Kable, an assistant professor of...

2011-05-17 12:08:00

MILWAUKEE, May 17, 2011 /PRNewswire/ -- Decision Insight Information Group today announced that it is uniting its nine companies under its new global brand and identity. Decision Insight Information Group was formerly the Property Information Division of MDA Corporation, acquired in January 2011 by global private equity firm TPG Capital. The same, distinctive companies that have provided risk management and due diligence solutions for the property-related financial services industry...

2011-05-16 19:29:46

Surrogate decision-makers faced with the difficult task of overseeing loved ones' medical care may find help thanks to a new decision aid aimed at patients with prolonged mechanical ventilation. According to a study conducted by researchers in North Carolina, Pennsylvania and Washington who developed and tested the aid, surrogates reported the aid significantly improved the often daunting decision-making process. The study results will be presented at the ATS 2011 International Conference in...

2011-05-09 21:09:19

With an Overall Risk-Characterization Framework A new report from the National Research Council lays out a framework for the U.S. Food and Drug Administration to systematically evaluate and compare the public health consequences of its decisions concerning a wide variety of products.  Moreover, the risk-assessment framework provides a common internal language to discuss potential options and draws extensively on well-vetted risk literature to define the relevant health dimensions for FDA...

2011-05-05 15:34:31

When a group of gamblers gather around a roulette table, individual players are likely to have different reasons for betting on certain numbers. Some may play a "lucky" number that has given them positive results in the past"”a strategy called reinforcement learning. Others may check out the recent history of winning colors or numbers to try and decipher a pattern. Betting on the belief that a certain outcome is "due" based on past events is called the gambler's fallacy. Recently,...

2011-05-04 15:19:59

If small business owners want to avoid costly mistakes, it pays to consult with others. That's the finding of new research from the University of Cincinnati that will be presented both nationally and internationally "“ first on May 6-8 at the Family Enterprise Research Conference in Grand Rapids, Mich., and again on June 15-18 at the International Council of Small Business Conference in Stockholm, Sweden. The research was conducted by one-time entrepreneur Jeremy Woods, currently a...

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2011-03-24 08:25:27

By Yasmin Anwar, University of California, Berkeley A sleepless night can make us cranky and moody. But a lesser known side effect of sleep deprivation is short-term euphoria, which can potentially lead to poor judgment and addictive behavior, according to new research from the University of California, Berkeley. Researchers at UC Berkeley and Harvard Medical School studied the brains of healthy young adults and found that their pleasure circuitry got a big boost after a missed night's sleep....

2011-01-20 15:53:09

A prototype computer game has been developed to help improve decision making skills in all aspects of our lives. Supported by the Engineering and Physical Sciences Research Council (EPSRC), a team at Queen's University Belfast has developed a prototype that could be built on by commercial games manufacturers and turned into an e-learning or training tool for professionals in all walks of life "“ and for the general public too. Alternatively, some of its features could be incorporated...


Word of the Day
lambent
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.
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