David Brooks is jumping, at least modestly, on the behavioral economics bandwagon in an editorial in today’s NYT. Roughly speaking, there are four steps to every decision. First, you perceive a situation. Then you think of possible courses of action. Then you calculate which course is in your best interest. …
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Decision Quality Blog
Thoughts and comments on the why, how, and what the @#$% of decision making
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Rolling along on the Behavioral Economics Bandwagon
http://decision-quality.com/blog/2008/10/28/rolling-along-on-the-behavioral-economics-bandwagon/ -
When “Widespread Fear” is a better story line than a fact
http://decision-quality.com/blog/2008/07/24/when-widespread-fear-is-a-better-story-line-than-a-fact/Can anyone explain this to me. Markets, at least in theory, are supposed to represent all of what’s known about a stock discounted to a present value. So how is it that every major news outlet had a lead like this one from the NYT? …
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Beyond Data: Bringing judgment, intuition, and gut to the workplace
http://decision-quality.com/blog/2008/07/21/beyond-data-bringing-judgment-intuition-and-gut-to-the-workplace/by Kevin Hoffberg I remember opening papers in college with a definition, a practice my professors universally regarded as lazy. But in this case, it is a useful place to start a discussion on judgment. Here’s what the American Heritage Dictionary has to say . . . …
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Making Quality Decisions Takes Effort
http://www.cruseit.com/2008/10/making-quality-decisions-take...I found in just moments. I really did not have anything new to add after I spent a few hours reading. I must admit this was a humbling realization. I have included a few links to some of the better articles I found. Leadership Decision Making Beyond Data: Bringing judgment, intuition, and gut to the workplace We will discuss the steps a team can follow to reach a high-quality decision How to make good decisions Decision Making Techniques Related Post:
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daily news, opinions and curiosities | Peterman's Eye
http://www.petermanseye.comStanley Milgram Revisited Decision Quality Blog Recently two researchers went back and revisited the landmark experiment.
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Raimis100’s Weblog
http://exempleblog.wordpress.commy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback linkmy treackback link
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Subprime Mess Brings Out Ethically Biased Language
http://ethicsfortherealworld.com/blog/index.php/2008/05/09/s...indicated the loan was for an investor property. In 2006 it was 13%. We think it’s double that.” In other words 13% of the borrowers were buying houses for investments but claiming they were going to owner occupy them. Tom went on to say that “50% of the foreclosures in 2007 were for non-owner occupied. This isn’t what they said on their applications; this is what they found out afterwards. The government is trying to help these people, but you can’t help the people who lied. They don’t” From Tom’s point of view, there is real fraud here–home purchasers lied about their intent to occupy the home in order to get better rates or more favorable loan terms. Using Tom’s numbers, one half of foreclosures were from non-owner
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What about personal responsibility?
http://kevinrants.typepad.com/kevin_rants/2008/02/what-about...I blogged on the subject of unintended consequences in another location in relationship to an appealing case for the need for affordable housing in King County, Washington. The story uses as its emotional hook, a tale of Nurri and Ayalnesh . . . Nurri worked as a certified nursing assistant, his wife
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