Rational Roundup #4 – Anchoring News

When we created this publication format, our aim was to launch a medium where our members get updated on recent developments in behavioral science. Our Roundups will now be celebrating a comeback for a while. Continuing in the spirit of previous publications, the aim is to provide you with a number of interesting topics too…

All you need to know on Anchoring

Anchoring is a cognitive effect with utmost importance to legal professionals’ work. Its applicability ranges from mediation to negotiation to court trials. Almost every legal professional will discover its impact on his own daily work. Research shows, that especially legal professionals are not immune but rather prone to the anchoring effect. Hence, this article will…

#30in30 – Two Bags of Marbles

You are presented two bags. One contains 700 red chips and 300 blue chips, while the other one is opposite with 700 blue chips and 300 red ones. You are given the choice between the bags. Take one and begin to sample with replacement. In twelve samples, you get 8 reds and 4 blues. What…