While setting New Year’s resolutions is routine for many of us, research from the University of Scranton shows while 45% of Americans usually make New Year’s resolutions, only 8% actually stick to them. So, why are resolutions so quickly discarded? The easy answer is because most resolutions require a change in habit.
Starting a new habit is hard, and breaking a bad habit is even harder. While many of us assume that the key to changing our habits is having enough willpower, social scientist...
"We were interested in whether considering the price first changed how people thought about the decision process, and whether it changed the way the brain coded the value of a product," says Uma R. Karmarkar, a neuroscientist and assistant professor in the Marketing unit at Harvard Business School, who conducted the research with Baba Shiv, a marketing professor and neuroeconomics expert at Stanford University's Graduate School of Business, and Brian Knutson, an associate professor of psychology...
So how do leaders shift from lower states of mind to higher states of mind and improve their effectiveness and performance? And how can they help other people in their organizations who tend to default to lower states of mind do the same? We’ve consolidated the best practices into four categories:
Thoughts and feelings. Acknowledge your emotions to reduce their intensity. Allow your thoughts to be transient. Visualize positive images to generate positive feelings. Refocus your attention on different...
The unconscious working of the brain makes interpretation of what a painful experience is all about difficult. We all have an inner world of thoughts and sensations, habits, fantasies, and dreams, and much of what happens to us is beyond conscious awareness. This makes many of us strangers to ourselves, unaware of how we truly feel at any one moment of our lives. Indeed, much of our behavior is automatic; we tend to resort to repetitive habits and attitudes that don’t really express who we are,...
Despite the popularity of Maslow’s Hierarchy, there is not much recent data to support it. Contemporary science — specifically Dr. Edward Deci, hundreds of Self-Determination Theory researchers, and thousands of studies — instead points to three universal psychological needs. If you really want to advantage of this new science – rather than focusing on a pyramid of needs – you should focus on: autonomy, relatedness, and competence.
Autonomy is people’s need to perceive that they have...
We all know that teen-parent relations can be a tricky business. Now neuroscientists from several leading US universities think they’ve found some new brain evidence that helps explain why.
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Here’s the main take-away: when listening to Moms’ criticism, and for a period afterwards, the teens’ brains showed more activity in areas involved in negative emotions (no surprise there), but they actually showed reduced activity in regions involved in emotional control and in taking other...
Finding appropriate economic benchmarks for individual firms is a fundamental issue. Firms, managers, investors, and researchers all need to identify fundamentally similar benchmarks for such tasks as performance evaluation, executive compensation, equity valuation, statistical arbitrage, and portfolio construction. While traditional benchmarking methods rely primarily on industry classification schemes, more recent approaches introduce new dimensions by utilizing novel data sources or fresh data...