Quotes About Behavioral

Early in my doctoral training at Cornell University, I became immersed in the behavioral decision theory paradigm.

Traditionally, marketing always starts with segmentation—a practice of dividing the market into homogenous groups based on their geographic, demographic, psychographic, and behavioral profiles.

Unfortunately, the dominant inclination among economists has not been to expand the model of rational action, but rather to drop the rationality postulate entirely, in favor of evolutionary or behavioral models of action. Thus cooperation often gets mentioned in the same breath as cognitive biases, framing effects, bounded rationality, and other well-known instances in which individuals are clearly violating the canons of ideal rationality.

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics

Systematic errors are known as biases, and they recur predictably in particular circumstances.

we quickly realized that we were just as risk seeking in the domain of losses as we were risk averse in the domain of gains. We were not the first to observe risk seeking with negative prospects—at least two authors had reported that fact, but they had not made much of it. However, we were fortunate to have a framework that made the finding of risk seeking easy to interpret, and that was a milestone in our thinking. Indeed, we identified two reasons for this effect.

I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.

Poverty kills far more people than all the wars in history, more people than all the murderers in history, more than all the suicides in history, not only does structural violence kill more people than all the behavioral violence put together, structural violence is also the main cause of behavioral violence

The prevention of emotional and behavioral disorders encompasses intervening in the early years

In fact there was only one species on the planet more intelligent than dolphins, and they spent a lot of their time in behavioral research laboratories running round inside wheels and conducting frighteningly elegant and subtle experiments on man.

From all physical and behavioral evidence, the most likely scenario would have the lone offender quickly rising from the toilet, pulling up his trousers, and going immediately to the woman and confronting her with his knife. With reference to the element of surprise and victimology displayed at countless scenes of violence, we would expect the victim to plead with the UNSUB to take what he wants and leave her unhurt. This would be true whether the victim knows the UNSUB or not.

I will believe in students' competence and intelligence. I will keep faith...that they have stories to tell, things to explain, and the language with which to do those things. I will reject any notion that places in my mind a belief in students' deficits -- whether those deficits be genetic, cultural, or behavioral. I will treat them as people who can get important things done for important reasons.

It makes sense for social scientists to become more involved in policy because many of society's most challenging problems are, in essence, behavioral.

Social welfare is the most corrosive behavioral force ever unleashed by man.

[There will be movement toward] behavioral economics... [which] involves study of those aspects of men's images, or cognitive and affective structures that are more relevant to economic decisions.

Hay tres tipos de acciones: físicas, verbales y mentales. Por lo general concedemos mayor importancia a las acciones físicas, luego a las verbales y por último a las mentales.

What if a chemical, either found in nature or cooked up in a lab, could tap into the motivational circuit and drive dopamine neurons artificially from within the brain? Intriguingly, this may be exactly how drugs of abuse work. Although different drugs of abuse have distinct molecular targets and very different behavioral effects, they all drive the electrical activity of dopamine neurons or the release of dopamine from these cells (while nonaddictive brain-targeted drugs like Prozac do not).5

I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.

It is relatively easy to identify those industries where these conditions exist currently (just look at existing returns on capital), and it is for this reason that the really juicy investment returns are to be found in industries which are evolving to this state. The joy from a capital cycle perspective is that most investors are, for a variety of behavioural reasons, taken by surprise. Across many competitive battlefronts, we are always looking out for the next outbreak of peace.

Some behavioral psychologists defend the practice of punishing employees on the grounds that it helps to "clarify management's expectations of performance and promote goal setting."81 (This is comparable to the claim that throwing employees out an office window helps to clarify what floor they work on.) One

We believe behavioral science, cognitive computing, and machine intelligence are essential to a successful, holistic surveillance offering and critical to efficient and effective organizational compliance with an increasingly intricate global regulatory environment.

When you want a guide to changing your behavior, you're looking for quick ways to make quick changes.

Loss aversion helps produce inertia, meaning a strong desire to stick with your current holdings.

In economics (and in ordinary life), a basic principle is that you can never be made worse off by having more options, because you can always turn them down. Before Thaler removed the nuts the group had the choice of whether to eat the nuts or not—now they didn't. In the land of Econs, it is against the law to be happy about this!