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Tools, methods to improve decision making, outcomes, information communication

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A while back, Decision Science News put out a call to the Society for Judgment and Decision Making email list looking for “tools, methods to improve decision making, outcomes, and information communication”. Here are the results of that call.

Correlation between risk aversion and loss aversion

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Have some free data on the correlation between loss aversion and risk aversion

Psychology’s reproducibility project listed by Science Magazine as a top breakthrough of 2015

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Science Magazine’s list of scientific breakthroughs for 2015 included the Psychology’s reproducibility project.

Estimating the reproducibility of psychological science

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The reproducibility of psychology studies is not good. But the field can fix itself.

Student data science presentations on Citibikes and Stop and Frisk

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This summer, researchers at Microsoft Research NYC launched the Data Science Summer School outreach program (DS3 for short), an 8 week hands-on course to impart skills and increase diversity in computer science.

A better way to teach? Professors take note.

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With technology, old ways of doing things give way to simply better alternatives. We no longer need to pick up a phone to buy a plane ticket or hail a cab. We no longer need to carry cash around to pay for most things. Soon, students may not need to listen to traditional lectures to learn science and math because technology can make most STEM lessons participatory. But will the new model of instruction be as effective as traditional lecturing? In what its authors call “the largest and most comprehensive meta-analysis of undergraduate STEM education published to date”, the answer seems to be yes.

A bunch of papers about the widsom of smaller, smarter crowds

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It has come to our attention that a number of papers, all making similar points have been produced at about the same time. Here they are.

Changing the riskiness of bets to make hot hands happen

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A new paper by Juemin Xu and Nigel Harvey called “Carry on winning: The gamblers’ fallacy creates hot hand effects in online gambling” is fascinating.

The annuity or the lump sum?

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If you take a light gloss over the literature, you would think that people are overly attracted to the lump sum, that is, they discount the future too much. One recent paper, however, finds that the appeal of the annuity has much to do with the amount. Small annuity payments are quite unattractive, but large annuity payments become surprisingly attractive.

Citation cartels

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Someone smart said something like ‘when you invent a system, you invent the game that plays that system’.