Rhonda Magee, GGSC: When I was promoted to tenured full professor, the dean of my law school kindly had flowers sent to me at my home in Pacific Heights, an overpriced San Francisco neighborhood almost devoid of black residents. I opened the door to find a tall, young, African-American deliveryman who announced, “Delivery for Professor Magee.” I, a petite black woman, dressed for a simple Saturday spent in my own home, reached for the flowers saying, “I am Professor Magee.”
The deliveryman looked down at the order and back up …
Anna Mikulak, Association for Psychological Science: One 15-minute focused-breathing meditation may help people make smarter choices, according to new research from researchers at INSEAD and The Wharton School. The findings are published in the February issue of Psychological Science, a journal of the Association for Psychological Science.
People have trouble cutting their losses: They hold on to losing stocks too long, they stay in bad relationships, and they continue to eat large restaurant meals even when they’re full. This behavior, often described as “throwing good money after bad,” is driven by what behavioral scientists call the “sunk-cost bias”:
“Most people have trouble admitting they were wrong when their initial decisions lead to undesirable outcomes,” says … Read more »