decision making

When Good Incentives Lead to Bad Decisions

  When Good Incentives Lead to Bad Decisions (via http://mortgagespectator.com) Among the culprits contributing to the recent financial crisis were bank loan officers who approved mortgage loans that were doomed to fail. Many of these frontline workers were motivated by bonuses and other incentives to approve quantity over quality. Critics decried their voracity. But new …

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From The Economist: Nudge nudge, think think: The use of behavioural economics in public policy shows promise

“‘FREAKONOMICS” was the book that made the public believe the dismal science has something interesting to say about how people act in the real world. But “Nudge” was the one that got policy wonks excited. The book, first published in 2008, is about the potential for behavioural economics to improve the effectiveness of government. Behavioural …

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National Consumer Protection Week: It’s Up to You (Sorry!)

National Consumer Protection Week: It’s Up to You (Sorry!) (via Credit.com) [Free Resource: Check your credit for free before applying for a credit card] This year, in particular, no one really wants a restrained consumer; and by no one I mean not your Occupy Wall Street-friendly local small business, nor the largest of American corporations, …

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