Browsing TagBehaviour

Lessons Learned from the Original Behavioral Economists in The Undoing Project by Michael Lewis

Lessons Learned from the Original Behavioral Economists in The Undoing Project by Michael Lewis

In Michael Lewis: The Undoing Project, he explores the partnership of Amos Tversky and Daniel Kahneman, two of the most famous psychologists you’ve never heard of. Though the pair live in obscurity outside of academia, their work—often considered the scientific community’s first foray into behavioral economics—includes some of the most often-cited academic papers of all time, and have completely changed the way we understand and…

Read More about Lessons Learned from the Original Behavioral Economists in The Undoing Project by Michael Lewis

Increase Honesty by Decreasing Your "Fudge Factor"

Increase Honesty by Decreasing Your "Fudge Factor"

Honestly speaking... we are all dishonest. Think about the last time that you filed your income tax returns. Did you write off your designer shoe purchase as a business expense? Or did your family vacation magically become a business trip? Conveniently forget to report cash earnings as income? According to behavioral economist and bestselling author, Dan Ariely, everyone cheats a little, if given the opportunity.…

Read More about Increase Honesty by Decreasing Your "Fudge Factor"