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Cognitive bias

Cognitive bias

You’re not wrong, you just have a small sample size problem

January 24, 2019 Bob Sullivan 1

Many political …err Facebook….arguments today boil down to warring anecdotes. Like this: “I don’t feel sorry for government workers who aren’t getting paid. Why don’t they have any savings? I know a Fed worker with a really expensive car. Maybe he shouldn’t have spent so much on that car!” A [Keep reading]

Cognitive bias

‘Didn’t I just see that?’ – the frequency illusion bias, and what investors need to learn

November 20, 2018 Bob Sullivan 1

A friend tells you he only drinks coffee made in a French press.  Then, you see someone order a French press at your favorite coffee shop.  Next, you’re at Target and you see a display with ornate French Press gadgets for sale.  And you conclude: “This French press thing is everywhere!  [Keep reading]

Cognitive bias

What do you see in that CNN-Trump presser video? You see confirmation bias.

November 8, 2018 Bob Sullivan 8

When I first approached this topic, I was using instant replay video reviews from sporting events as a METAPHOR.  Turns out, I was being far more literal than I realized.  Even with slow-mo, zoomed in, frame-by-frame analysis, people can’t agree on what they see from yesterday’s Donald Trump – CNN [Keep reading]

Cognitive bias

Know Your Nuggets: Endowed Progress

October 2, 2018 Bob Sullivan 1

Want your employees or consumers to finish something? Give them a decent head start. It sounds too simple to be true, but it is. People are more likely to complete a task if they are given a jump start at the beginning. This behavioral phenomenon is called “endowed progress.” We all [Keep reading]

Cognitive bias

‘All’s well that ends well’ is good business

August 9, 2018 Bob Sullivan 1

End on a high note! Hit your last shot before leaving the basketball court. Make sure you say good-bye when you leave.  And yes, all’s well that ends well. In my continuing series for PeopleScience.com on cognitive biases, I recently took on the Peak-End rule.  It’s a simple concept that [Keep reading]

Cognitive bias

Why ‘give and you shall receive’ is good business

August 2, 2018 Bob Sullivan 1

“Free” is a very powerful word. Just look at the lines on National Ice Cream day and you know that’s true. Companies use the word “free” all the time to get your attention. If you’ve the Red Tape Chronicles for a while, you know this is often a bad thing [Keep reading]

Cognitive bias

Nerd Nuggets: What is the IKEA Effect?

July 23, 2018 Bob Sullivan 0

When you put your own blood, sweat, and tears into something, you value it more.  You probably know that, but you probably don’t know this tendency has a name — the IKEA Effect — and it has many applications in the workplace and on America’s store shelves. I’ve mentioned this [Keep reading]

Cognitive bias

Know Your Nuggets: Social Proof

September 4, 2017 Bob Sullivan 1

  You arrive at a party at an unfamiliar home. As you ring the bell, you rehearse the next few moments — explaining who you know, why you’re there, where you’ll place the bottle of wine you’re holding. Then the door opens, the hellos begin, and suddenly, there’s a powerful [Keep reading]

Cognitive bias

Know Your Nuggets: Operational Transparency

September 4, 2017 Bob Sullivan 1

When you were in math class as a child, teachers usually wanted more than the correct answer to a problem. They also wanted you to demonstrate, on paper, how you got the answer. They wanted you to “show your work.” Turns out, adults want that too. In fact, something kind of magical [Keep reading]

Cognitive bias

Know Your Nuggets: The Identifiable Victim Effect

September 4, 2017 Bob Sullivan 2

The Syrian refugee crisis had been raging for nearly five years, and millions displaced, when one photograph changed the entire global conversation. The lifeless body of 3-year-old Alan Kurdi, lying face down on a beach after drowning while attempting a dangerous escape to Europe on a flimsy raft, cut through [Keep reading]

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About me

BOB SULLIVAN is a veteran journalist and the author of four books, including the 2008 New York Times Best-Seller, Gotcha Capitalism, and the 2010 New York Times Best Seller, Stop Getting Ripped Off! His latest, The Plateau Effect, was published in 2013, and as a paperback, called Getting Unstuck in 2014. He has won the Society of Professional Journalists prestigious Public Service award, a Peabody award, and The Consumer Federation of America Betty Furness award, and been given Consumer Action’s Consumer Excellence Award.

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