This is the second part of our Neurolaw reading series. You can find the first part HERE. Humans are first and foremost animals – even though we tend to deny that. Animals with morality, guided by the norms of their group and their feelings. We follow the guiding principles of our society which, for example,…
During the last months you embarked on a journey through the depths of psychology influencing the legal sector. You realized the huge influence the anchoring effect has on negotiations. Judges tend to follow inferences drawn from previous cases and for a defendant, the time of the day has greater influence on the judgement he receives…
We recently mentioned in our Rational Roundup the Nobel Prize won by Prof. Richard Thaler. One of Richard Thaler’s key contributions to behavioral economics – and a reason for an increasing awareness of the latter as a field of research from the early 1980s onwards – is his work on what he labeled the endowment…
Imagine an auction for a dollar and the person with the highest bid gets the dollar. However, not only the person with the highest bid must pay the price, also the person with the second highest bid must make a payment. The auction starts at one cent and you will see the price increasing up…
… behavioural scientist Richard Thaler. Even if not directly part of the Alfred Nobel heritage, but established in his memory in the late 1960s and sponsored by the central bank of Sweden, the Sveriges Riksbank Prize in Economic Sciences is awarded at the same time and according to the same principles as the annual prizes…
The Rational Roundup, as previously announced, provides our readers with regular updates on rational thinking and current discussions among cognitive scientists. This is the third part of the latest edition, addressing positive psychology and the behavioral enhancement of your professional productivity. In this short briefing, I will share further thoughts on how to improve your…
The Rational Roundup, as previously announced, provides our readers with regular updates on rational thinking and current discussions among cognitive scientists. This is the second part of the latest edition, addressing positive psychology and the behavioral enhancement of your professional productivity. In this short briefing, I will share further thoughts on how to improve your…
The Rational Roundup, as previously announced, provides our readers with regular updates on rational thinking and current discussions among cognitive scientists. Our latest edition addresses positive psychology and the behavioral enhancement of your professional productivity.
In the light of the German federal election approaching we decided to repost this thought provoking article. Learn how social bots influence your rational decision-making – and if you are one of our many German followers, this might be especially interesting for you. Building on our previous posts on artificial intelligence, this week’s publication will have…
Over the last decades, slowly but surely, the fields of economics and law have left their static and, ironically, ‘rationalistic’ roots behind (think: ‘homo oeconomicus’) and started to embrace the full complexity of human interactions by forming their respective behavioral schools. Impressive strides have been made in the field of economics and finance toward a…