A global pandemic and economic meltdown have prompted many businesses to pivot in recent months. But when this crucial decision is colored by unconscious biases, the consequences can be costly. Sanketh Andhavarapu explores some of the factors that can cloud our judgment, and what to do about it.
Dr. Straeter and Jessica Exton sit down with The Decision Lab to discuss the perks and pitfalls of lending for friendships.
High-potential programs can make some employees feel like second-class citizens. Here’s how to make sure your high potential program is fair, motivating, and inclusive.
Managers treat high-potential employees differently. This can cause high-potential programs to become self-fulfilling prophecies if the wrong approach is taken. To design better high-potential programs, three key areas should be focused on: quality decision-making, questioning assumptions about talent, and transparency in the firm.
There's something that makes discounts too exciting to ignore. 50% off, buy one get one free, scratch cards, wheel of fortune — what is it about these different mechanisms that make them so irresistible? Learn about how different promotional tactics work and why we are attracted to them from a behavioral perspective.
As Russian oligarchs and Emirs buy up teams in many sports leagues worldwide, a schism is being wedged between teams. Competitive balance, considered a central requirement for the success of leagues, is weakening in many leagues as a result. Behavioral science and results from experiments can shed some light on why leagues may not wish to push for reforms.
Computers might win at chess, but humans can win at work even after automation increases exponentially. Using job design, we can craft jobs that are more skilled and motivating, making the future of work less robotic and more human.
Economic downturns impact our behavior in various ways. Yet, some of these behavioral changes may be more advantageous than we may think.
Behavioral science is growing quickly as a field. But there's always the question about how it can be practically applied within an organization. In this article, a behavioral scientist explores the world of tech products to understand where the subject can add value and how it can be used most effectively.
