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MIT Profs Push Moneyball Approach For Faculty Hiring And Tenure Decisions
December 29, 2016
Michael Lewis’s 2003 book, Moneyball — later made into a movie starring Brad Pitt — tells the story of how predictive analytics transformed the Oakland Athletics baseball team and, eventually, baseball itself. Data-based modeling has since transcended sport. It’s used in hiring investment bankers, for example. But is academe really ready for its own “moneyball moment” in terms of personnel decisions? A group of management professors from the Massachusetts Institute of Technology...
December 29, 2016
Michael Lewis’s 2003 book, Moneyball — later made into a movie starring Brad Pitt — tells the story of how predictive analytics transformed the Oakland Athletics baseball team and, eventually, baseball itself. Data-based modeling has since transcended sport. It’s used in hiring investment bankers, for example. But is academe really ready for its own “moneyball moment” in terms of personnel decisions? A group of management professors from the Massachusetts Institute of Technology...
Rational Judges, Not Extraneous Factors in Decisions
December 28, 2016
The graph tells a dramatic story of irrationality, presented in the 2011 paper Extraneous factors in judicial decisions....
December 28, 2016
The graph tells a dramatic story of irrationality, presented in the 2011 paper Extraneous factors in judicial decisions....
The Value of Using Visuals
December 27, 2016
Over at Attorney at Work, Susan Kostal catalogues the reasons why lawyers should think about improving their documents with visuals, like photos, graphs, and videos. Most people can read 200 words per minute. But we can take in visual information 60,000 times faster than we can absorb text. Do the math. Our eyes are drawn to photographs, colors, even graphically pleasing type treatments. It is refreshing. New visuals on evergreen content make it new to your audience. This gives your content...
December 27, 2016
Over at Attorney at Work, Susan Kostal catalogues the reasons why lawyers should think about improving their documents with visuals, like photos, graphs, and videos. Most people can read 200 words per minute. But we can take in visual information 60,000 times faster than we can absorb text. Do the math. Our eyes are drawn to photographs, colors, even graphically pleasing type treatments. It is refreshing. New visuals on evergreen content make it new to your audience. This gives your content...
The Undoing Project Review – ‘Psychology’s Lennon and McCartney’
December 24, 2016
Michael Lewis tells the compelling story of Amos Tversky and Daniel Kahneman, whose behaviourist theories led to his own bestseller...
December 24, 2016
Michael Lewis tells the compelling story of Amos Tversky and Daniel Kahneman, whose behaviourist theories led to his own bestseller...
Michael Lewis’ Latest ‘Project’ is Brilliant
December 23, 2016
In Michael Lewis’ new book The Undoing Project (Norton, 352 pp., **** out of four stars), he describes the Nobel Prize-winning, behavioral-finance theory that Israeli psychologists Daniel Kahneman and Amos Tversky created in the 1970s as “a truck packed with psychology that might be driven into the inner sanctums of economics and exploded.” While Kahneman and Tversky were more genius than intellectual terrorist, their groundbreaking studies on how our minds trick us into making bad judgments...
December 23, 2016
In Michael Lewis’ new book The Undoing Project (Norton, 352 pp., **** out of four stars), he describes the Nobel Prize-winning, behavioral-finance theory that Israeli psychologists Daniel Kahneman and Amos Tversky created in the 1970s as “a truck packed with psychology that might be driven into the inner sanctums of economics and exploded.” While Kahneman and Tversky were more genius than intellectual terrorist, their groundbreaking studies on how our minds trick us into making bad judgments...
The Case Against Reality
December 16, 2016
A professor of cognitive science argues that the world is nothing like the one we experience through our senses. As we go about our daily lives, we tend to assume that our perceptions—sights, sounds, textures, tastes—are an accurate portrayal of the real world. Sure, when we stop and think about it—or when we find ourselves fooled by a perceptual illusion—we realize with a jolt that what we perceive is never the world directly, but rather our brain’s best guess at what that world is like,...
December 16, 2016
A professor of cognitive science argues that the world is nothing like the one we experience through our senses. As we go about our daily lives, we tend to assume that our perceptions—sights, sounds, textures, tastes—are an accurate portrayal of the real world. Sure, when we stop and think about it—or when we find ourselves fooled by a perceptual illusion—we realize with a jolt that what we perceive is never the world directly, but rather our brain’s best guess at what that world is like,...
Are Arbitrators Human?
December 14, 2016
Empirical research has confirmed the correctness of the legal realists’ assertion that “judges are human.” It demonstrates...
December 14, 2016
Empirical research has confirmed the correctness of the legal realists’ assertion that “judges are human.” It demonstrates...
Should I Trust You? Let Me See Your Face…
December 12, 2016
If you try to identify what it is that makes someone trustworthy, you might list their forthrightness, values consistent with your own, or even their willingness to embrace unpopular positions. And that is all well and good but it likely is untrue. Instead, researchers tell us, we draw “relatively stable trustworthinesss impressions from facial appearance”. Apparently, based on the photo illustrating this post (taken from the research article) we define trust as having less prominent eyebrows...
December 12, 2016
If you try to identify what it is that makes someone trustworthy, you might list their forthrightness, values consistent with your own, or even their willingness to embrace unpopular positions. And that is all well and good but it likely is untrue. Instead, researchers tell us, we draw “relatively stable trustworthinesss impressions from facial appearance”. Apparently, based on the photo illustrating this post (taken from the research article) we define trust as having less prominent eyebrows...
The Undoing Project: A Friendship that Changed Our Minds
December 10, 2016
Best-selling author Michael Lewis examines how a Nobel Prize–winning theory of the mind altered our perception of reality. The Undoing Project is about a compelling collaboration between two men who have the dimensions of great literary figures. They became heroes in the university and on the battlefield—both had important careers in the Israeli military—and their research was deeply linked to their extraordinary life experiences. Amos Tversky was a brilliant, self-confident warrior and extrovert,...
December 10, 2016
Best-selling author Michael Lewis examines how a Nobel Prize–winning theory of the mind altered our perception of reality. The Undoing Project is about a compelling collaboration between two men who have the dimensions of great literary figures. They became heroes in the university and on the battlefield—both had important careers in the Israeli military—and their research was deeply linked to their extraordinary life experiences. Amos Tversky was a brilliant, self-confident warrior and extrovert,...
“Power Poses” Don’t Stand Up
December 6, 2016
Perhaps you’ve seen the famous TED talk about so-called power poses. It encouraged viewers to change the course of their lives by assuming what are thought of as dominant postures. "So you make yourself big, you stretch out, you take up space. You're basically opening up. It's about opening up." That's Harvard researcher Amy Cuddy. Her talk is the second most-watched on the TED site: 37 million views. The 2010 study by Cuddy and colleagues that inspired the talk stated that striking power poses...
December 6, 2016
Perhaps you’ve seen the famous TED talk about so-called power poses. It encouraged viewers to change the course of their lives by assuming what are thought of as dominant postures. "So you make yourself big, you stretch out, you take up space. You're basically opening up. It's about opening up." That's Harvard researcher Amy Cuddy. Her talk is the second most-watched on the TED site: 37 million views. The 2010 study by Cuddy and colleagues that inspired the talk stated that striking power poses...
