Announcement: Neurolaw November

During the last months you embarked on a journey through the depths of psychology influencing the legal sector. You realized the huge influence the anchoring effect has on negotiations. Judges tend to follow inferences drawn from previous cases and for a defendant, the time of the day has greater influence on the judgement he receives…

All you need to know on the Endowment Effect

We recently mentioned in our Rational Roundup the Nobel Prize won by Prof. Richard Thaler. One of Richard Thaler’s key contributions to behavioral economics – and a reason for an increasing awareness of the latter as a field of research from the early 1980s onwards – is his work on what he labeled the endowment…

How much are you willing to pay for a dollar?

Imagine an auction for a dollar and the person with the highest bid gets the dollar. However, not only the person with the highest bid must pay the price, also the person with the second highest bid must make a payment. The auction starts at one cent and you will see the price increasing up…

Rational Roundup #5 – Part II/III: Focus through Mindfulness?

The Rational Roundup, as previously announced, provides our readers with regular updates on rational thinking and current discussions among cognitive scientists. This is the second part of the latest edition, addressing positive psychology and the behavioral enhancement of your professional productivity. In this short briefing, I will share further thoughts on how to improve your…