decision-making

An Executive Order Promoting Behavioral Science

As we have long said, behavioral sciences are the key to unlocking better decision making, from study halls to the halls of power. This week, the White House echoed our view via an Executive Order outlining that behavioral insights be used to better serve the American people. What began as a nudge, is now a full-on push.

Ethical Systems praises this initiative as a major step towards not only making behavioral science more widespread but also in advancing the incorporation of ethical system design in business. When businesses adopt these systems, research shows their employees are happier, more productive and, as a result, the business is more profitable. 

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Featured Collaborator for September: Nick Epley

Interview with Nick Epley, author of "Mindwise: How We Understand What Others Think, Believe, Feel, and Want" and professor of behavioral science at the University of Chicago's Booth School of Business

 

I study mind reading. Not the nonsensical, spooky or supernatural versions of it, but rather the very natural and intuitive version of it that we do whenever we make an inference about another person’s mind. We do this arguably every social interaction we have when we wonder what someone else is thinking, believing, feeling, or wanting. This is hard to do accurately because another person’s mind is inherently invisible. 

You can’t see another person’s thought, hold a want, or poke a feeling. As a result, our inferences about the minds of others are far less than perfect, and we are consistently less accurate than we think we are. I’m most interested in understanding these gaps between our inferences about each other and reality. The mistakes we make are a common source of unnecessary conflict in everyday life.

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