Being able to forego a reward now in favour of gaining something better later is known to be important in determining all kinds of desirable outcomes in life, including greater educational attainment, social functioning and health.
However, choosing to delay gratification won’t always be the best option. If you’re in desperate circumstances – you badly need money to buy food, for example – taking the £10 today could be sensible. But this isn’t necessarily an entirely...
In the law, emotion is often viewed as extraneous to jury decision-making—either as an unavoidable byproduct of certain types of evidence or an impediment to the decision-making process. Even when the legal system does acknowledge the impact of emotion, it tends to overgeneralize across different types of emotions and legal judgments. Growing consensus in psychological science, however, reveals a much more complicated story. Emotion is not extraneous but rather inextricably intertwined with cognitive...
This paper examines the effect of incentives on the performance of darts players. We analyze four data sets covering a total of 28,761 darts matches of professional, amateur, and youth players. The game of darts offers an attractive natural research setting, because performance can be observed at the individual level and without obscuring effects of risk considerations and behavior of others. We find that amateur and youth players perform better under moderately higher incentives, but choke when...
But it turns out this phenomenon of “shooting the messenger” is not just restricted to fiction. A new paper in Journal of Experimental Psychology: General has demonstrated that we do tend to take a dim view of the bearers of bad news – even when these people are simply innocent messengers.
Altogether, the research suggests that “shooting the messenger” has a real basis in the way people act in everyday situations. It seems to stem from a number of sources,...
Get under the surface. In a long-running claim worth many tens of millions, the decision-makers appeared to have reached the end of the road. In an effort to find a way forward, we spent four hours going through my ‘Questions for a Difficult Meeting’ questionnaire. The parties prepared privately first and then, meeting together, they alternated in giving their responses. The nature of the questions is such that they needed to dig deeper to look for answers. This opened up new levels of understanding...
The stalemate in Washington D.C. has numerous pundits commenting on the negotiation strategies of the primary actors but I am going to just highlight a few from our colleagues. First, Russell Korobkin accurately predicted how the LA strike might end while the federal shutdown would not in his L.A. Times Op-ed last week. As he noted,
If deals favoring either side of these disputes would be better for both than no deal at all, why are L.A. teachers on picket lines and national park rangers...
Businessinsurance.com reported that “Artificial intelligence and other technologies hold great promise for the insurance industry but are not without issues, such as adoption and security…” The January 17, 2019 article entitled “AI holds promise for insurance industry, but with caveats” is based on a “panel of insurance and technology industry executives speaking at the Insurance Information Institute’s Joint Industry Forum in New York” who opined:
There are two areas that...
This paper examines the effect of incentives on the performance of darts players. We analyze four data sets comprising a total of 123,402 darts matches of professional, amateur, and youth players. The game of darts offers an attractive natural research setting, because performance can be observed at the individual level and without the obscuring effects of risk considerations and the behavior of others. We find that amateur and youth players perform better under moderately higher incentives, but choke...