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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 10:12 PM | January 04,2009
The incredible part of the misinformation effect is how easy it is for the false information to be installed in the memory and how it affects future behaviours
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 09:48 PM | December 14,2008
We like to believe that we live in a fair and just world where outcomes are justified by our own actions
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Driver’s seat | Praveen Aggarwal and Rajiv Vaidyanathan 09:33 PM | November 23,2008
The bias that leads us to over-discount the future is referred to as “hyperbolic discounting” and it can lead us astray
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 10:40 PM | November 09,2008
Generally, we would consider managers to have conviction in their plans, and to not be deterred by setbacks
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 10:41 PM | October 26,2008
Most people with little understanding of the complexities of economics, finance and credit default swaps were outraged that the ultra-wealthy were getting a “bailout” using taxpayers’ money
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 01:18 AM | October 13,2008
Building a collaborative enterprise through persuasion is certainly a better route than coercive leadership
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 10:00 PM | September 28,2008
When we resort to deliberating information, we open the process to numerous biases driven by the social pressures created in open group settings
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 09:58 PM | September 14,2008
In repeat trials of a random process, the occurrence of deviations from an expected outcome creates an expectation of a higher probability of the opposite outcome
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 12:05 AM | September 01,2008
Our brain dedicates an enormous amount of memory space to store “factual” information but relatively little to store “source” information
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 12:18 AM | August 18,2008
If you are making significant decisions based on the fear of an outcome, you are likely making poor decisions
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 10:59 PM | August 03,2008
In everyday life, all we get to see are people’s actions
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 10:57 PM | July 20,2008
Research has shown that people tend to believe that most others are similar to them in their beliefs, attitudes, and behaviour
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Driver’s Seat | Praveen Aggarwal and Rajiv Vaidyanathan 12:16 AM | July 07,2008
When most people encounter even minimally complex systems that offer them a default option, they simply go with the default
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Driver’s seat | Praveen Aggarwal and Rajiv Vaidyanathan 10:24 PM | June 22,2008
The theory of rational ignorance dictates that for a person to justifiably expend that time and effort in collecting additional information, the value of that information has to outweigh the costs of collecting it
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Driver’s seat | Praveen Aggarwal and Rajiv Vaidyanathan 08:38 AM | June 09,2008
In sales, skilled salespeople will often actively negotiate until they feel they have reached the absolute limit beyond which the potential customer is unlikely to go
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