Bias and heuristics are great ways of saving energy by avoiding to think too much when it is necessary to take a decision. It is important to be aware of them to avoid taking systematically the wrong decision.
Conference presentation. What cognitive biases affect the way we think about risk? How does an Agile approach help to manage risk and what tactical practices can you apply?
"Gamification, AI, Big Data, Réalité Augmentée... : les nouveaux métiers de l...Technofutur TIC
Depuis Skynet jusqu' à ØPP, tout en passant par Globule Bleu ou encore 123devis.com, Dominique Mangiatordi aura accumulé des expériences les plus diverses et porté une multitude de casquettes. Pour le Job It day, il parlera de sa vision sur l'évolution des métiers et l'attitude à adopter pour rester dans le courant sans pour autant se faire emporter.
The importance of behavioural psychology on digital strategyReading Room
This document discusses the importance of behavioral psychology in developing effective digital strategies. It notes that people often act irrationally and are influenced by emotions rather than rational decision making. Behavioral psychology can help understand why people behave the way they do and better appeal to them. An effective digital strategy should accept that people are irrational, provide both emotional and rational reasons for users to take actions, observe user behavior rather than rely on self-reported preferences, and embrace testing, learning, and continuous improvement.
The document discusses using stories and storytelling as a way to influence people and effect change. It covers three aspects of story - listening, thinking, and telling. It discusses listening for stories, collecting stories, and practicing empathy. It also discusses using stories to think and map other people's perspectives. The document advocates drawing on one's own life experiences and timeline of key events as a way to craft effective stories for telling and influencing others.
The document discusses using stories and storytelling as a way to influence people and effect change. It covers three brain theory which suggests that the unconscious mind controls most behavior. It also discusses listening for stories, thinking with stories, and telling stories to communicate insights and wisdom in a contextual way rather than just presenting facts. The goal is to use stories to help people understand different perspectives and motivate change.
Humans are Horrible at Risk Management. Humans are Awesome at Risk Management.
Humans are horrible at risk management! Have you seen the news about Florida Man? How are we even still around? And yet, we are still around. In fact, humans are awesome at risk management; we’re now the dominant species on the planet. Why? How? Andy will share his thoughts on why humanity has significant advantages in making rapid, generally correct risk choices. You will learn how risk choices that appear unreasonable from the outside may not be; to identify the hidden factors in someone’s risk choice that most influence it; find out how to help guide people to risk choices that you find more favorable.
The document discusses how humans are poor decision makers due to numerous cognitive biases that cause irrational behavior. It explains that real-world decision making often involves hastily choosing the first option without proper analysis or review, unlike the ideal process of considering alternatives and revisiting choices. Some recommendations are provided on improving decision making through understanding cognitive biases, engaging imagination, probabilistic reasoning, assigning credibility scores to information sources, and promoting diversity.
Conference presentation. What cognitive biases affect the way we think about risk? How does an Agile approach help to manage risk and what tactical practices can you apply?
"Gamification, AI, Big Data, Réalité Augmentée... : les nouveaux métiers de l...Technofutur TIC
Depuis Skynet jusqu' à ØPP, tout en passant par Globule Bleu ou encore 123devis.com, Dominique Mangiatordi aura accumulé des expériences les plus diverses et porté une multitude de casquettes. Pour le Job It day, il parlera de sa vision sur l'évolution des métiers et l'attitude à adopter pour rester dans le courant sans pour autant se faire emporter.
The importance of behavioural psychology on digital strategyReading Room
This document discusses the importance of behavioral psychology in developing effective digital strategies. It notes that people often act irrationally and are influenced by emotions rather than rational decision making. Behavioral psychology can help understand why people behave the way they do and better appeal to them. An effective digital strategy should accept that people are irrational, provide both emotional and rational reasons for users to take actions, observe user behavior rather than rely on self-reported preferences, and embrace testing, learning, and continuous improvement.
The document discusses using stories and storytelling as a way to influence people and effect change. It covers three aspects of story - listening, thinking, and telling. It discusses listening for stories, collecting stories, and practicing empathy. It also discusses using stories to think and map other people's perspectives. The document advocates drawing on one's own life experiences and timeline of key events as a way to craft effective stories for telling and influencing others.
The document discusses using stories and storytelling as a way to influence people and effect change. It covers three brain theory which suggests that the unconscious mind controls most behavior. It also discusses listening for stories, thinking with stories, and telling stories to communicate insights and wisdom in a contextual way rather than just presenting facts. The goal is to use stories to help people understand different perspectives and motivate change.
Humans are Horrible at Risk Management. Humans are Awesome at Risk Management.
Humans are horrible at risk management! Have you seen the news about Florida Man? How are we even still around? And yet, we are still around. In fact, humans are awesome at risk management; we’re now the dominant species on the planet. Why? How? Andy will share his thoughts on why humanity has significant advantages in making rapid, generally correct risk choices. You will learn how risk choices that appear unreasonable from the outside may not be; to identify the hidden factors in someone’s risk choice that most influence it; find out how to help guide people to risk choices that you find more favorable.
The document discusses how humans are poor decision makers due to numerous cognitive biases that cause irrational behavior. It explains that real-world decision making often involves hastily choosing the first option without proper analysis or review, unlike the ideal process of considering alternatives and revisiting choices. Some recommendations are provided on improving decision making through understanding cognitive biases, engaging imagination, probabilistic reasoning, assigning credibility scores to information sources, and promoting diversity.
Get to Oz by Making Better Strategic Decisions v5leepublish
This document summarizes a masterclass on improving strategic decision making. The masterclass will cover why strategy often fails due to bad decisions, moving beyond rational decision making, common decision traps and biases, case studies of failures, decision making tools, and an evidence-based decision framework. Attendees will learn about psychological, perception, memory, logic, physiological, and social traps that can lead to suboptimal decisions. Examples of traps that will be discussed include the availability heuristic, confirmation bias, pseudocertainty effect, and status quo bias. The overall goal is to help participants make better strategic decisions.
Overcoming the 7 Deadly Blocks to Business growthFLBlogCon
This document provides an overview of Michelle Hickey's workshop on overcoming the seven deadly blocks to business growth. It identifies the seven blocks as fear of failure, imposter syndrome, fear of judgement, perfectionism, issues around money, negative self-image, and time management struggles. It then outlines a three step process for recognizing and reprogramming one's thinking around these blocks, including becoming aware of negative self-talk, calling out the blocks, and repeating new, positive truths. The remainder of the document expands on each of the seven blocks and provides examples of negative and positive reframing statements.
This document provides an introduction to key concepts in behavioural economics. It discusses how behavioural economics differs from traditional economics by acknowledging that people are not always rational decision-makers and can be influenced by biases. Some of the biases and concepts mentioned include loss aversion, anchoring effects, default biases, framing effects, availability heuristic, herd behaviour, and bounded rationality. The document also notes how behavioural economics draws on evidence from psychology and neuroscience to better understand human decision-making.
This document discusses various mental traps and cognitive biases that can negatively impact decision making. It describes traps like anchoring bias, where initial data influences subsequent judgments too heavily, and status quo bias, where people prefer maintaining the current situation even if alternatives may be better. The document advocates approaching decisions with a critical mindset by carefully analyzing problems, considering multiple solutions, and weighing pros and cons through techniques like positive/negative/interesting assessments and cost-benefit analyses. Asking the right questions is also important to make well-informed decisions.
Creative Consumers - Adding Inspiration to Innovationfred325i
1. The document discusses measuring and defining creativity, finding that while creativity cannot be easily defined or produced, it can be measured to some degree.
2. Tests were used to measure creativity, and found that certain occupations, personality types, and individuals who prefer working independently are more creative.
3. The key findings suggest that rather than traditional brainstorming, companies should utilize highly creative individuals working independently to generate innovative solutions.
This document provides a summary of a presentation on persuasive e-commerce. It discusses how online conversion rates are typically much lower than offline rates due to a lack of certain in-person factors. It then covers cognitive biases and how the unconscious mind works, noting most decisions are made unconsciously. Finally, it outlines different persuasion techniques like social proof, scarcity, and removing friction that can be applied to e-commerce to increase online conversions. The presentation concludes with a discussion of how personalized, automated persuasion may be used in the future to target individual customers.
The document discusses the importance of professional image and managing one's personal brand. It notes that 87% of job losses are due to improper work habits and attitudes rather than lack of skills. It emphasizes that people judge others based on appearance and that image is reality. It advises focusing on building a strong, positive brand and managing one's reputation through hard work, consistency, and paying attention to communication styles, dress, and behavior.
I recently had the honor and privilege to present at the Lafleur's 2015 Lottery Conclave & Interactive Summit in Orlando (12/1-12/4). Here the presentation, slightly edited.
Joyce Hostyn discusses how storytelling can be used to influence people and effect change. She outlines three aspects of story - listening, thinking, and telling. For listening, she recommends practicing empathy, seeking to understand others, and assuming good intentions. For thinking, she discusses how stories can be used to think through problems and perspectives. For telling, she emphasizes using emotional language and visual elements to craft stories that create experiences and evoke responses in others. The overall message is that stories are powerful ways to communicate and reframing issues, as people prefer stories over facts alone.
This document provides an overview of game theory concepts and applications. It discusses why game theory is useful for analyzing strategic interactions between rational decision-makers. Examples are given of games that individuals and businesses play, such as coordination games, prisoner's dilemmas, mixed strategies, repeated games, and more. The document also summarizes a case involving Toys "R" Us restricting toy manufacturers from selling to warehouse clubs to prevent further growth of those competitors. It prompts the reader to consider what actions they would take in that situation and how to properly define the strategic game being played.
The document discusses the theory of determinism versus the theory of randomness. It covers several key concepts:
1) Black swan events are highly impactful, unexpected occurrences that were thought to be impossible. No amount of observations can prove something always occurs, but a single contrary observation can disprove it.
2) Alternative histories consider potential negative outcomes that did not occur. Survivorship bias only considers actual successes without acknowledging risks of failure.
3) Induction generalizes conclusions from some observations but cannot prove outcomes will always be the same in the future. The problem of induction is presuming past patterns will continue.
4) People are prone to overestimating what they know and are over
Prime Decision is a marketing strategy firm that uses behavioural economics. Behavioural economics studies actual human behaviour and decision-making, rather than the rational "homo economicus" model. People are bad at judging probabilities but good at frequencies. Behavioural economists have discovered many cognitive biases that influence decisions, such as framing effects, availability heuristic, and defaults. Prime Decision applies these insights to problems by developing behavioural strategies and experiments. Their approach targets specific behaviours, interrogates the problem through lenses like script, social and structure, then experiments to find effective interventions. They gave an example of reducing insurance fraud through subtle changes to the claims process designed to promote honesty.
The Ad Contrarian Book - A Common Sense Perspective on Marketing and Advertis...Hoffman | Lewis
"I downloaded your e-book ... It's brilliant. Great insights into the industry and our conspiracy of willful ignorance. Most interesting ad-book since The Book of Gossage." MP
"To me this is the most important advertising book of the last ten years because it's an almost unique glimpse of simplicity and common sense in modern advertising." Sell Sell Blog
Writing Concept Papers. Coursework And Essay WBecky Gilbert
Elie Wiesel survived the concentration camps for several reasons: he had a reason to live which kept him fighting to survive; he was afraid of death and fought to avoid it; and he was physically able to pass the selection processes. Other Jews survived for similar reasons, having qualities, views, and traits that allowed them to endure the extreme conditions. It was remarkable that anyone was able to survive such cruel camps. A major factor for Elie was his family, especially his father, who he struggled to care for and protect.
Project 42 is a fun piece of research that addresses topics we rarely discuss at work. The opinions of our piers are always interesting but not at the cost of our own beliefs.
This document discusses the importance of image and impression management. It notes that 87% of people who lose their jobs or fail to get promotions do so due to improper work habits and attitudes rather than lack of skills. It emphasizes that people judge others based on appearance and that image is reality. It provides tips on dressing professionally, maintaining a positive attitude, and managing one's personal brand.
This presentation by OECD, OECD Secretariat, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
Get to Oz by Making Better Strategic Decisions v5leepublish
This document summarizes a masterclass on improving strategic decision making. The masterclass will cover why strategy often fails due to bad decisions, moving beyond rational decision making, common decision traps and biases, case studies of failures, decision making tools, and an evidence-based decision framework. Attendees will learn about psychological, perception, memory, logic, physiological, and social traps that can lead to suboptimal decisions. Examples of traps that will be discussed include the availability heuristic, confirmation bias, pseudocertainty effect, and status quo bias. The overall goal is to help participants make better strategic decisions.
Overcoming the 7 Deadly Blocks to Business growthFLBlogCon
This document provides an overview of Michelle Hickey's workshop on overcoming the seven deadly blocks to business growth. It identifies the seven blocks as fear of failure, imposter syndrome, fear of judgement, perfectionism, issues around money, negative self-image, and time management struggles. It then outlines a three step process for recognizing and reprogramming one's thinking around these blocks, including becoming aware of negative self-talk, calling out the blocks, and repeating new, positive truths. The remainder of the document expands on each of the seven blocks and provides examples of negative and positive reframing statements.
This document provides an introduction to key concepts in behavioural economics. It discusses how behavioural economics differs from traditional economics by acknowledging that people are not always rational decision-makers and can be influenced by biases. Some of the biases and concepts mentioned include loss aversion, anchoring effects, default biases, framing effects, availability heuristic, herd behaviour, and bounded rationality. The document also notes how behavioural economics draws on evidence from psychology and neuroscience to better understand human decision-making.
This document discusses various mental traps and cognitive biases that can negatively impact decision making. It describes traps like anchoring bias, where initial data influences subsequent judgments too heavily, and status quo bias, where people prefer maintaining the current situation even if alternatives may be better. The document advocates approaching decisions with a critical mindset by carefully analyzing problems, considering multiple solutions, and weighing pros and cons through techniques like positive/negative/interesting assessments and cost-benefit analyses. Asking the right questions is also important to make well-informed decisions.
Creative Consumers - Adding Inspiration to Innovationfred325i
1. The document discusses measuring and defining creativity, finding that while creativity cannot be easily defined or produced, it can be measured to some degree.
2. Tests were used to measure creativity, and found that certain occupations, personality types, and individuals who prefer working independently are more creative.
3. The key findings suggest that rather than traditional brainstorming, companies should utilize highly creative individuals working independently to generate innovative solutions.
This document provides a summary of a presentation on persuasive e-commerce. It discusses how online conversion rates are typically much lower than offline rates due to a lack of certain in-person factors. It then covers cognitive biases and how the unconscious mind works, noting most decisions are made unconsciously. Finally, it outlines different persuasion techniques like social proof, scarcity, and removing friction that can be applied to e-commerce to increase online conversions. The presentation concludes with a discussion of how personalized, automated persuasion may be used in the future to target individual customers.
The document discusses the importance of professional image and managing one's personal brand. It notes that 87% of job losses are due to improper work habits and attitudes rather than lack of skills. It emphasizes that people judge others based on appearance and that image is reality. It advises focusing on building a strong, positive brand and managing one's reputation through hard work, consistency, and paying attention to communication styles, dress, and behavior.
I recently had the honor and privilege to present at the Lafleur's 2015 Lottery Conclave & Interactive Summit in Orlando (12/1-12/4). Here the presentation, slightly edited.
Joyce Hostyn discusses how storytelling can be used to influence people and effect change. She outlines three aspects of story - listening, thinking, and telling. For listening, she recommends practicing empathy, seeking to understand others, and assuming good intentions. For thinking, she discusses how stories can be used to think through problems and perspectives. For telling, she emphasizes using emotional language and visual elements to craft stories that create experiences and evoke responses in others. The overall message is that stories are powerful ways to communicate and reframing issues, as people prefer stories over facts alone.
This document provides an overview of game theory concepts and applications. It discusses why game theory is useful for analyzing strategic interactions between rational decision-makers. Examples are given of games that individuals and businesses play, such as coordination games, prisoner's dilemmas, mixed strategies, repeated games, and more. The document also summarizes a case involving Toys "R" Us restricting toy manufacturers from selling to warehouse clubs to prevent further growth of those competitors. It prompts the reader to consider what actions they would take in that situation and how to properly define the strategic game being played.
The document discusses the theory of determinism versus the theory of randomness. It covers several key concepts:
1) Black swan events are highly impactful, unexpected occurrences that were thought to be impossible. No amount of observations can prove something always occurs, but a single contrary observation can disprove it.
2) Alternative histories consider potential negative outcomes that did not occur. Survivorship bias only considers actual successes without acknowledging risks of failure.
3) Induction generalizes conclusions from some observations but cannot prove outcomes will always be the same in the future. The problem of induction is presuming past patterns will continue.
4) People are prone to overestimating what they know and are over
Prime Decision is a marketing strategy firm that uses behavioural economics. Behavioural economics studies actual human behaviour and decision-making, rather than the rational "homo economicus" model. People are bad at judging probabilities but good at frequencies. Behavioural economists have discovered many cognitive biases that influence decisions, such as framing effects, availability heuristic, and defaults. Prime Decision applies these insights to problems by developing behavioural strategies and experiments. Their approach targets specific behaviours, interrogates the problem through lenses like script, social and structure, then experiments to find effective interventions. They gave an example of reducing insurance fraud through subtle changes to the claims process designed to promote honesty.
The Ad Contrarian Book - A Common Sense Perspective on Marketing and Advertis...Hoffman | Lewis
"I downloaded your e-book ... It's brilliant. Great insights into the industry and our conspiracy of willful ignorance. Most interesting ad-book since The Book of Gossage." MP
"To me this is the most important advertising book of the last ten years because it's an almost unique glimpse of simplicity and common sense in modern advertising." Sell Sell Blog
Writing Concept Papers. Coursework And Essay WBecky Gilbert
Elie Wiesel survived the concentration camps for several reasons: he had a reason to live which kept him fighting to survive; he was afraid of death and fought to avoid it; and he was physically able to pass the selection processes. Other Jews survived for similar reasons, having qualities, views, and traits that allowed them to endure the extreme conditions. It was remarkable that anyone was able to survive such cruel camps. A major factor for Elie was his family, especially his father, who he struggled to care for and protect.
Project 42 is a fun piece of research that addresses topics we rarely discuss at work. The opinions of our piers are always interesting but not at the cost of our own beliefs.
This document discusses the importance of image and impression management. It notes that 87% of people who lose their jobs or fail to get promotions do so due to improper work habits and attitudes rather than lack of skills. It emphasizes that people judge others based on appearance and that image is reality. It provides tips on dressing professionally, maintaining a positive attitude, and managing one's personal brand.
This presentation by OECD, OECD Secretariat, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
This presentation by Yong Lim, Professor of Economic Law at Seoul National University School of Law, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
The importance of sustainable and efficient computational practices in artificial intelligence (AI) and deep learning has become increasingly critical. This webinar focuses on the intersection of sustainability and AI, highlighting the significance of energy-efficient deep learning, innovative randomization techniques in neural networks, the potential of reservoir computing, and the cutting-edge realm of neuromorphic computing. This webinar aims to connect theoretical knowledge with practical applications and provide insights into how these innovative approaches can lead to more robust, efficient, and environmentally conscious AI systems.
Webinar Speaker: Prof. Claudio Gallicchio, Assistant Professor, University of Pisa
Claudio Gallicchio is an Assistant Professor at the Department of Computer Science of the University of Pisa, Italy. His research involves merging concepts from Deep Learning, Dynamical Systems, and Randomized Neural Systems, and he has co-authored over 100 scientific publications on the subject. He is the founder of the IEEE CIS Task Force on Reservoir Computing, and the co-founder and chair of the IEEE Task Force on Randomization-based Neural Networks and Learning Systems. He is an associate editor of IEEE Transactions on Neural Networks and Learning Systems (TNNLS).
This presentation by OECD, OECD Secretariat, was made during the discussion “The Intersection between Competition and Data Privacy” held at the 143rd meeting of the OECD Competition Committee on 13 June 2024. More papers and presentations on the topic can be found at oe.cd/ibcdp.
This presentation was uploaded with the author’s consent.
This presentation by Professor Giuseppe Colangelo, Jean Monnet Professor of European Innovation Policy, was made during the discussion “The Intersection between Competition and Data Privacy” held at the 143rd meeting of the OECD Competition Committee on 13 June 2024. More papers and presentations on the topic can be found at oe.cd/ibcdp.
This presentation was uploaded with the author’s consent.
1.) Introduction
Our Movement is not new; it is the same as it was for Freedom, Justice, and Equality since we were labeled as slaves. However, this movement at its core must entail economics.
2.) Historical Context
This is the same movement because none of the previous movements, such as boycotts, were ever completed. For some, maybe, but for the most part, it’s just a place to keep your stable until you’re ready to assimilate them into your system. The rest of the crabs are left in the world’s worst parts, begging for scraps.
3.) Economic Empowerment
Our Movement aims to show that it is indeed possible for the less fortunate to establish their economic system. Everyone else – Caucasian, Asian, Mexican, Israeli, Jews, etc. – has their systems, and they all set up and usurp money from the less fortunate. So, the less fortunate buy from every one of them, yet none of them buy from the less fortunate. Moreover, the less fortunate really don’t have anything to sell.
4.) Collaboration with Organizations
Our Movement will demonstrate how organizations such as the National Association for the Advancement of Colored People, National Urban League, Black Lives Matter, and others can assist in creating a much more indestructible Black Wall Street.
5.) Vision for the Future
Our Movement will not settle for less than those who came before us and stopped before the rights were equal. The economy, jobs, healthcare, education, housing, incarceration – everything is unfair, and what isn’t is rigged for the less fortunate to fail, as evidenced in society.
6.) Call to Action
Our movement has started and implemented everything needed for the advancement of the economic system. There are positions for only those who understand the importance of this movement, as failure to address it will continue the degradation of the people deemed less fortunate.
No, this isn’t Noah’s Ark, nor am I a Prophet. I’m just a man who wrote a couple of books, created a magnificent website: http://www.thearkproject.llc, and who truly hopes to try and initiate a truly sustainable economic system for deprived people. We may not all have the same beliefs, but if our methods are tried, tested, and proven, we can come together and help others. My website: http://www.thearkproject.llc is very informative and considerably controversial. Please check it out, and if you are afraid, leave immediately; it’s no place for cowards. The last Prophet said: “Whoever among you sees an evil action, then let him change it with his hand [by taking action]; if he cannot, then with his tongue [by speaking out]; and if he cannot, then, with his heart – and that is the weakest of faith.” [Sahih Muslim] If we all, or even some of us, did this, there would be significant change. We are able to witness it on small and grand scales, for example, from climate control to business partnerships. I encourage, invite, and challenge you all to support me by visiting my website.
This presentation by Nathaniel Lane, Associate Professor in Economics at Oxford University, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
Gamify it until you make it Improving Agile Development and Operations with ...Ben Linders
So many challenges, so little time. While we’re busy developing software and keeping it operational, we also need to sharpen the saw, but how? Gamification can be a way to look at how you’re doing and find out where to improve. It’s a great way to have everyone involved and get the best out of people.
In this presentation, Ben Linders will show how playing games with the DevOps coaching cards can help to explore your current development and deployment (DevOps) practices and decide as a team what to improve or experiment with.
The games that we play are based on an engagement model. Instead of imposing change, the games enable people to pull in ideas for change and apply those in a way that best suits their collective needs.
By playing games, you can learn from each other. Teams can use games, exercises, and coaching cards to discuss values, principles, and practices, and share their experiences and learnings.
Different game formats can be used to share experiences on DevOps principles and practices and explore how they can be applied effectively. This presentation provides an overview of playing formats and will inspire you to come up with your own formats.
This presentation by Thibault Schrepel, Associate Professor of Law at Vrije Universiteit Amsterdam University, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
This presentation by Katharine Kemp, Associate Professor at the Faculty of Law & Justice at UNSW Sydney, was made during the discussion “The Intersection between Competition and Data Privacy” held at the 143rd meeting of the OECD Competition Committee on 13 June 2024. More papers and presentations on the topic can be found at oe.cd/ibcdp.
This presentation was uploaded with the author’s consent.
This presentation by OECD, OECD Secretariat, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
• For a full set of 530+ questions. Go to
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2. Your Decision
So what?
Consequences
You decide, you are responsible.
Responsibility
There’s no such thing like a free decision..
High stakes
Why is decision making so difficult?
8. Anchoring effect Sunk cost Ambiguity
Confirmation Interpretation
Curse of know-
ledge
Blind spot
Social proofOverconfidence
Halo effect
THE PROBLEM
**Not avaialble for Ninjas
A few human features**
9. Much Better than average
I can manage my car in all circum-
stances.
1
Better than Average
Others are the cause of accidents.2
Worse than average
Look out, I am on the road.3
1. Overconfidence effect
Much worse than average
I am a danger for the planet.3
What kind of driver are you?
12. 3. Interpretation bias
You flip a coin for the 11th
times.
Considering that you got 5 heads and
5 tails before.
A. 10%
B. 50%
C. 90%
What is the probability of getting head?
13. 3. Interpretation bias
You flip a coin for the 11th
times.
Considering that you got 10 head befor
e
What is the probability of getting head?
A. 10%
B. 50%
C. 90%
14. 3. Interpretation bias
You flip a coin for the 11th
times.
Considering that you got 10 head befor
e
What is the probability of getting head?
A. 10%
B. 50%
C. 90%
Considering that you got 5 heads and
5 tails before.
A. 10%
B. 50%
C. 90%
20. Agenda Style
9. Ambiguity effect
30 balls in a bag: Black, White and Red.
10 are Red.
You can bet 10$ on a color.
Which one do you take?
21. Much Better than average
I can manage my car in all circum-
stances.
1
Better than Average
Others are the cause of accidents.2
Worse than average
Look out, I am on the road.3
10. Blind spot
Much worse than average
I am a danger for the planet.3
What kind of driver are you?
22. A few other human features
Accentuation effect
Acquiescence bias
Acto-obersver assymetry
Adaptive bias
Affect heuristic
Ambiguity effect
Anchoring
Apophenia
Attentional bias
Attribute substitution
Attribution bias
Authority bias
Automation bias
Availability heuristic
Bandwagon effect
Barnum effect
Base rate fallacy
Belief bias
Ben Franklin effect
Bias blind spot
Birthday number effect
Bizarreness effect
The century of the self
Certainty effect
Cheerleader effect
Choice-supportive bias
Clustering illusion
Cognitive bias
Cognitive distortion
Congruence bias
Conjunction fallacy
Contrast effect
Cultural bias
Curse of knowledge
Data dredging
Declinism
Denial
Denomination effect
Depressive realism
Disposition effect
Distinction bias
Dunnin-Krueger effect
Duration neglect
Egocentric bias
Emotional reasoning
Empathy gap
End-of-history illusion
End of the day betting effect
Endowment effect
Euphoric recall
Evidence of absence
Exaggeration
Experimenter’s regress
Extension neglect
Extrinsic incentives bias
Fading affect bias
False consensus effect
Familiarity heuristic
Framing
Framing effect
Functional fixedness
Fund attribution error
Generation effect
Halo effect
Hard-easy effect
Hawthorne's effect
Hindsight bias
Horn effect
Hostile attribution bias
Hostile media effect
Hast-hand fallacy
Hyperbolic discounting
Hypo cognition
Identifiable victim effect
IKEA effect
Illusion of asymmetric insight
Illusion of control
Illusion of external agency
Illusion of transparency
Illusion of validity
Illusory correlation
Illusory superiority
Illusory truth effect
Impact bias
Implicit cognition
In-group favoritism
Inequity aversion
Information bias
Insensitivity to sample size
Interpretive bias
Introspection illusion
Irrationality
John Henry effect
Just-world hypothesis
Lady Macbeth effect
Law of the instrument
Less-is-better effect
Locus of control
Loss aversion
Lost in the mall technique
Ludic fallacy
Magical thinking
Mere-exposure effect
Mindset
Minimization
Mistakes were made
Money illusion
Motivated reasoning
Motivated tactician
Naive cynicism
Naive realism
Name-letter effect
Negativity bias
Neglect of probability
Nominative determinism
Normalcy bias
Nudge theory
Omission bias
Optimism bias
Ostrich effect
Othello error
Out-group homogeneity
Outcome bias
Overconfidence effect
Over justification effect
23. Not done yet
Pareidolia
Peak-end rule
Perceptual psychology
Persuasive definition
Physycal attractiveness
Picture superiority effect
Planning fallacy
Polyanna principle
Positive illusions
Positivity effect
Positivity offset
Precision bias
Pseudo-certainty effect
Psychological pricing
Psychological projection
Pygmalion effect
Reactive devaluation
Recall bias
Region beta paradox
Regression fallacy
Response bias
Restraint bias
Rhyme-as-reason effect
Risk compensation
Rozy retrospection
Scarcity heuristic
Scope neglect
Selective omission
Selective perception
Self-deception
Sel-defeating prophecy
Self-fulfilling prophecy
Self-licensing
Self-persuasion
Self-propaganda
Self-reference effect
Self-serving bias
Serial position effect
Shooting bias
Social comparison bias
Social facilitation
Social influence bias
Social perception
Spacing effect
Spiral of silence
Straight and crooked think
Sub-additivity effect
Subject-expectancy effect
Subjective validation
Sunk cost
Surrogation
Survivor bias
Telescoping effect
Thinking fast and slow
Time saving bias
Trait ascription bias
Transposed letter effect
Ultimate attribution error
Von Restorff effect
Watching eye effect
Well travelled road effect
27. THE REAL SOLUTION
Maybe…
01 A good decision system
03 Look for contradiction
05 Work on uncertainties
02 Manage risks
04 Use checklists
06 Keep view on the objective