Contributed by: Stu Tanquist
99 Views: since Thursday, October 23 2008 @ 01:28 AM MDT
During the middle decades of the twentieth century, decision scientists developed a formal theory or model of rational choice which has subsequently been taught, especially in business schools, as decision making techniques. However, since the 1970s, studies by psychologists and other empirical researchers have demonstrated that people are not able to follow the model’s prescriptions for rational behavior, essentially because the model is too simplistic.
Contributed by: Stu Tanquist
102 Views: since Thursday, October 23 2008 @ 01:08 AM MDT
We all commit logical fallacies, i.e., common errors in reasoning that are potentially deceptive. Logical fallacies are not the same thing as factual errors. They can be thought of as booby traps because they are difficult to spot and can have harmful results.
Contributed by: Stu Tanquist
168 Views: since Sunday, September 07 2008 @ 12:17 PM MDT
Join us to learn a six step Critical Thinking process to get at the real story behind the headlines, particularily as it applies to financial news. Jim Zitek will discuss the most common mistakes we make when it comes to understanding the economy and the markets.
Contributed by: Stu Tanquist
232 Views: since Tuesday, July 22 2008 @ 02:56 PM MDT
Belief is a powerful force in human affairs. Yet we know little about the structure and psychology of human belief. What happens in our brains when we assume a strong belief? What happens if this belief becomes absolute?
Contributed by: kanegf
198 Views: since Thursday, July 03 2008 @ 08:26 PM MDT
Date: Sunday, July 13, 10:00 a.m. to Noon
Location: Kelly Inn, 161 St. Anthony Avenue • St. Paul, Minnesota 55103
Topic: “Who will guard the guardians - an age old question still relevant in our time”
Speaker: Sarah Hurwicz Kogut
Sarah Kogut writes:
My father, U of M Professor Leonid Hurwicz, died on Tuesday June 24. He received the Nobel Prize in Economics on December 10, 2007. His Nobel speech “But Who Will Guard the Guardians?” was based on an unpublished paper from 1998. The title derives from the Roman satirist, Juvenal, who suggested that wives cannot be trusted, and keeping them under guard is not a solution, because the guards cannot be trusted either. In the present day, our “guardians” - leaders and officials of political, economic, and social entities - are often mistrusted by the general public.
Juvenal’s question can be applied to modern times in asking whether economic and political systems can be guarded successfully. Can rules and incentives for these systems be implemented and enforced so as to prevent corruption and provide a society where legal and ethical behavior occurs because it is generally to the advantage of its citizens? Let’s consider these issues in terms of critical thinking principles and think of examples where the “guardians” in our society have been either corrupt or ethical in their behavior. Which direction do current political, economic, and social rules and incentives tend to influence our leaders?
Contributed by: Stu Tanquist
303 Views: since Friday, June 06 2008 @ 07:51 AM MDT
In a new presentation, Ken Moses once again marauds his way through the inconsistencies, redundancies, and just plain stupidities of the English language, with an occasional detour through the evolution of this grand and foolish tongue. He looks askance at some current buzzwords and marvels at the surprising origins of other words before frolicking through light verse.
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