Pragma Synesi - interesting bits

Compendium of interesting bits I come across, with an occasional IMHO

The value of a coin or banknote depends on its familiarity

It seems money is not just money…

From The Economist:
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Irrational economics
Look and feel

Apr 3rd 2008
From The Economist print edition

The value of a coin or banknote depends on its familiarity

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June 20, 2008 Posted by pragmasynesi | behaviour, psychology | , | No Comments

Get the urge to exercise

By watching your online avatar exercise for five minutes, you are more likely to exercise yourself in the next 24 hours. See how else your avatar affects your real life — article from Time Magazine:

Monday, May. 12, 2008

How Second Life Affects Real Life

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May 14, 2008 Posted by pragmasynesi | behaviour, psychology | , | No Comments

Buried Prejudice: The Bigot in Your Brain

Interesting article from Scientific American, reproduced below.

IMHO there is a part of our brain that allows us to make very quick decisions, which has to rely on short and effective heuristics to make quick decisions when there is not enough information and/or time to make rational decisions (called implicit bias in the article below). This is all done instinctively, and as such, we will never be able to get rid of it. But heuristics, although better than nothing, will often lead to erroneous conclusions due to its simplicity, so we need the rational part of our brain to gather more information and evaluate the situation properly whenever there is a chance to do so. Real prejudice and bigotry (explicit bias as they call it in the article below) stems from not performing this second step.

The article below points out that we can modify our implicit biases (that’s like creating new heuristics for the instictive part of our brain). In addition to deliberately performing that second step to make sound long-term decisions, it is in our interest to recognize our implicit biases and improve our heuristic rules to make more accurate quick decisions.

We are all discriminated against in our lives one way or another (some more than others). I think it is also in our interest to recognize this implicit bias in others (including the subconscious body language), and rather than shout discrimination immediately, give the other person a chance to bring in their rational decision making process, and maybe even help them to do so.

It’s especially important to recognize how the media influences our heuristics, and mostly in a negative way. For example, most usually form an incorrect heuristic of “it is more dangerous to fly than to drive” because plane crashes (being rare and highly newsworthy) end up on the front page of newspapers more often than the commonplace car crashes, when statistics clearly shows that flying is a lot safer than driving. So next time you see a muslim suicide bomber on the news, remind yourself to the real statistics of what an incredibly tiny percentage of muslims are actually terrorists.

Anyway, here’s the article:

Scientific American Mind - May 1, 2008

Buried Prejudice: The Bigot in Your Brain

Deep within our subconscious, all of us harbor biases that we consciously abhor. And the worst part is: we act on them

By Siri Carpenter

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May 7, 2008 Posted by pragmasynesi | behaviour, brain, decision making, psychology | , , , | No Comments

Improve your negotiation skills

It seems empathy is not a good thing when it comes to negotiations…

Inside a deal

May 1st 2008
From The Economist print edition

It pays to get inside your opponents’ heads rather than their hearts
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May 1, 2008 Posted by pragmasynesi | decision making, economics, emotions, psychology | , | No Comments

Don’t make a decision on an empty stomach

Good to know… from The Economist:

Sugaring the decision

Mar 27th 2008
From The Economist print edition

Do not think on an empty stomach
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April 23, 2008 Posted by pragmasynesi | decision making, psychology | , , | No Comments

Is Our Happiness Preordained?

From Time magazine:

Wednesday, Mar. 12, 2008

Is Our Happiness Preordained?

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March 31, 2008 Posted by pragmasynesi | behaviour, evolution, evolutionary psychology, psychology | , | No Comments

Boss’ looks determines performance

Hmm… hiring based on your mugshot — can it be far behind? I am waiting from someone to debunk this…

I picked up an old book on phrenology at a garage sale, thinking it was a great joke.  Maybe not?

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Physiognomy and success

Face value

Jan 24th 2008
From The Economist print edition

What the boss looks like determines how he performs

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February 8, 2008 Posted by pragmasynesi | behaviour, economics, psychology | | 1 Comment