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Monthly Archive October, 2017

How long do you need to flip a coin to see a streak?

Filed in Encyclopedia ,Ideas ,R
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STREAK RESULTS FOR LIKELY (>50%) and HIGHLY LIKELY (>99%) Click to enlarge From research on the hot hand to the observation that people don’t create enough streaks when instructed to create pseudo random data, the decision science community is pretty interested in the perception of streaks. One day we got to wonder, how long would […]

WHEN THE REVOLUTION CAME FOR AMY CUDDY

Filed in Gossip ,Ideas ,Research News
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COMPELLING WRITING The New York Times just came out with an article called “When the Revolution Came for Amy Cuddy” which is about the science behind an extremely popular TED Talk, and is also about the replication crisis more generally. As Decision Science News readers, we are confident you will find much to agree within […]

Richard Thaler wins Nobel Prize in Economics

Filed in Encyclopedia ,Gossip
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AFTER KAHNEMAN IN 2002, THE SECOND “BEHAVIORAL ECONOMICS” NOBEL GOES TO THALER The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017 has been awarded to Behavioral Economist Richard Thaler of the University of Chicago Booth School of Business “for his contributions to behavioural economics“. Dr. Thaler was born in 1945 and […]