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Gerd Gigerenzer (born 3 September 1947) is a German psychologist who has studied the use of bounded rationality and heuristics in decision making.Gigerenzer is director emeritus of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development, [1] Berlin, director of the Harding Center for Risk Literacy, [2] University of Potsdam, and vice president of ...
As these decisions became theirs to make, anxiety decreased, and emotional regulation improved. And as my kids felt more in control, so did I. What this means for us today. My son, now 7, is thriving.
New research shows how outdoor parks provide opportunities for children to engage in risky play and develop independence and problem-solving skills.
In this phase of decision making, it is important to neither take counsel excessively of your fears nor become emotionally involved in an unrealistic result. 9 Lessons for Making High Risk ...
Several brain areas are observed in the expression of risk-averse behaviour. The previously mentioned orbitofrontal cortex is amongst these brain areas, supporting the feeling of regret. Regret, an emotion which heavily influences decision making, leads individuals to make decisions which circumvent encountering this emotion in the future.
In decision theory, the Ellsberg paradox (or Ellsberg's paradox) is a paradox in which people's decisions are inconsistent with subjective expected utility theory. John Maynard Keynes published a version of the paradox in 1921. [1] Daniel Ellsberg popularized the paradox in his 1961 paper, "Risk, Ambiguity, and the Savage Axioms". [2]
Let's be real -- when Warren Buffett talks, wise folks listen. The legendary investor and CEO of Berkshire Hathaway is renowned for dishing out simple yet brilliant insights about business and life.
Communicating risk is meant to improve the correspondence between the magnitude of the risk of an issue and the magnitude to which people respond to that risk. Affect, specifically negative affect, is an important method for increasing perceived risk considering its influences on perceived risk and thus has been utilized as essential for ...