Herd mentality. Angry mob. Mass hysteria. As these phrases suggest, we are not always confident that a large group of people will come up with the smartest decisions.
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Presidential scholars have written volumes trying to understand the presidential mind. How can anyone juggle so many complicated decisions? Do those seeking office have a unique approach to decision making? Studies have suggested that power changes not only a person’s responsibilities, but also the way they think.
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In many countries, school vouchers have come to be a controversial policy which allows parents to pay for the education of their children at a school of their choice, rather than the public school to which they are assigned.
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It was one of the defining legal battles of the twentieth century. A courtroom drama which tackled issues of class, gender relations, sexuality, morality and censorship head on.
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University of Texas professor Constantine Caramanis and colleagues at the Massachusetts Institute of Technology (MIT) are working on a air traffic decision-making system that rapidly adapts its flight recommendations without human input based on thousands of changing variables.
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When done correctly, public participation improves the quality of federal agencies' decisions about the environment, says a new report from the National Research Council. Well-managed public involvement also increases the legitimacy of decisions in the eyes of those affected by them, which makes it more likely that the decisions will be implemented effectively.
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Overestimating one's abilities can have hazardous consequences. The overconfident investment banker may lose millions on a "can't-miss" start up or a driver who's had one too many may insist on making it home in the car.
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Ahead of Wimbledon fortnight (23 June to 6 July), researchers from Cardiff University are advising that sports decision aids such as the Hawk-Eye system should come with a 'health' warning attached.
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Reckless decision-making can lead to dire consequences when it comes to food, credit cards, or savings. What’s the key to making good decisions? A new study in the Journal of Consumer Research outlines a novel method for measuring people’s abilities to consider the consequences of their actions. It also provides hope for consumers who want to make more prudent decisions.
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We often read or hear stories about older adults being conned out of their life savings, but are older individuals really more susceptible to fraud than younger adults? And, if so, how exactly does aging affect judgment and decision-making abilities?
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You study the menu at a restaurant and decide to order the steak rather than the salmon. But when the waiter tells you about the lobster special, you decide lobster trumps steak. Without reconsidering the salmon, you place your order—all because of a trait called “transitivity.”
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Why do some juries take weeks to reach a verdict, while others take just hours? How do judges pick the perfect beauty queen from a sea of very similar candidates? We have all wondered exactly why we did not win a certain award. Now, new psychological research explains how groups come to a collective decision.
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