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Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example … for predominantly intellective tasks, yet fails to improve decision-making when judgmental aspects are involved. …
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Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example …
Persistent link: https://www.econbiz.de/10011525580
To nudge is to design choice contexts in order to improve choice outcomes. Richard Thaler and Cass Sunstein emphatically endorse nudging but reject more restrictive means. In contrast, I argue that the behavioral psychology that motivates nudging also motivates what may be called jolting—i.e....
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