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.
The publishers Springer and IEEE are removing more than 120 papers from their subscription services after a French researcher discovered that the works were computer-generated nonsense.
Someone smart said something like ‘when you invent a system, you invent the game that plays that system’.
When was saw this interview featuring two JDM giants, Richard Thaler and Nobel Laureate Daniel Kahneman, we knew we had to run it.
We saw in our last posts that using double sided printing and cover sheets by default saves a lot of paper. This week we see a case in which defaults are effective, but have a costly drawback. Abstract says it all.
Here’s a no-brainer application of benevolent defaults that has a provable, lasting, measurable change in paper consumption.
DSN readers take note of new association, the Behavioral Science & Policy Association (BSPA), and a new journal, Behavioral Science & Policy
The AAAS Science Technology Policy Fellowship that now has placement opportunities for the new U.S. Social and Behavioral Science Team. This is an outstanding opportunity for would-be Nudgers to bring our science into practice serving the public interest through various government agencies.
The Marketing Science Special Issue draws on recent advances in computer science and statistics to deepen our understanding of consumer behavior and to improve the practice of marketing in data-rich environments.
The New York Times had an article on the widespread confusion about whether skipping breakfast causes you to gain or lose weight. Turns out there’s no real scientific evidence that skipping breakfast has any effect on obesity.