Action Bias

Action Bias & The Value Of Doing “Nothing”

It is not a brand new and shiny idea, but it is a breakthrough article published back in 2005 by Azar, Ofer, and others — “Action bias among elite soccer goalkeepers: The case of penalty kicks” that analyzed 286 penalty kicks and finds out that the optimal strategy for goalkeepers is to stay in the gate’s center and to not move from that position. Almost always, however, goalkeepers jump left or right. Further, the a
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Behavioral economics and Social psychology

Daniel Kahneman about Behavioral Economics

If you missed the book “Thinking Fast and Slow” by Daniel Kahneman, and if you are intrigued by the discovery of bridging points between behavioral economics and social psychology you need to take a look at the interview at The Daily Beast. Valuable insight on confidence and overconfidence, and how our human brains’ perceive and categorize behavior of the others, in the business and political environment as well. The
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