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Mirrored Externalities Lisa Grow Sun BYU Law School
Notre Dame Law Review Volume 90 | Issue 1 Article 4 11-2014 Mirrored Externalities Lisa Grow Sun BYU Law School Brigham Daniels BYU Law School Follow this and additional works at: http://scholarship.law.nd.edu/ndlr Part of the Property Law and Real Estate Commons Recommended Citation 90 Notre Dame L. Rev. 135 (2014) This Article is brought to you for free and open access by the Notre Dame Law Review at NDLScholarship. It has been accepted for inclusion in Notre Dame Law Review by an authorized administrator of NDLScholarship. For more information, please contact [email protected]. \\jciprod01\productn\N\NDL\90-1\NDL104.txt unknown Seq: 1 8-DEC-14 14:39 MIRRORED EXTERNALITIES Lisa Grow Sun* and Brigham Daniels** ABSTRACT A fundamental but underappreciated truth is that positive and negative externalities are actually mirror reflections of each other. What we call “mirrored externalities” exist because any action with externalities associated with it can be described as a choice to do or to refrain from doing that particular action. For example, if a person smokes and thereby creates a negative externality of more secondhand smoke, then her choice not to smoke creates a positive externality of less secondhand smoke. Conversely, if a person’s choice to get an immunization confers a positive externality of reducing vectors for disease transmission, then a choice not to get an immu- nization necessarily imposes negative externalities on third parties in the form of more vectors for disease. In each set, the negative externalities are the inverse—the mirror image—of the positive externalities. -
The Status Quo Bias and Decisions to Withdraw Life-Sustaining Treatment
HUMANITIES | MEDICINE AND SOCIETY The status quo bias and decisions to withdraw life-sustaining treatment n Cite as: CMAJ 2018 March 5;190:E265-7. doi: 10.1503/cmaj.171005 t’s not uncommon for physicians and impasse. One factor that hasn’t been host of psychological phenomena that surrogate decision-makers to disagree studied yet is the role that cognitive cause people to make irrational deci- about life-sustaining treatment for biases might play in surrogate decision- sions, referred to as “cognitive biases.” Iincapacitated patients. Several studies making regarding withdrawal of life- One cognitive bias that is particularly show physicians perceive that nonbenefi- sustaining treatment. Understanding the worth exploring in the context of surrogate cial treatment is provided quite frequently role that these biases might play may decisions regarding life-sustaining treat- in their intensive care units. Palda and col- help improve communication between ment is the status quo bias. This bias, a leagues,1 for example, found that 87% of clinicians and surrogates when these con- decision-maker’s preference for the cur- physicians believed that futile treatment flicts arise. rent state of affairs,3 has been shown to had been provided in their ICU within the influence decision-making in a wide array previous year. (The authors in this study Status quo bias of contexts. For example, it has been cited equated “futile” with “nonbeneficial,” The classic model of human decision- as a mechanism to explain patient inertia defined as a treatment “that offers no rea- making is the rational choice or “rational (why patients have difficulty changing sonable hope of recovery or improvement, actor” model, the view that human beings their behaviour to improve their health), or because the patient is permanently will choose the option that has the best low organ-donation rates, low retirement- unable to experience any benefit.”) chance of satisfying their preferences. -
Ambiguity Aversion in Qualitative Contexts: a Vignette Study
Ambiguity aversion in qualitative contexts: A vignette study Joshua P. White Melbourne School of Psychological Sciences University of Melbourne Andrew Perfors Melbourne School of Psychological Sciences University of Melbourne Abstract Most studies of ambiguity aversion rely on experimental paradigms involv- ing contrived monetary bets. Thus, the extent to which ambiguity aversion is evident outside of such contexts is largely unknown, particularly in those contexts which cannot easily be reduced to numerical terms. The present work seeks to understand whether ambiguity aversion occurs in a variety of different qualitative domains, such as work, family, love, friendship, exercise, study and health. We presented participants with 24 vignettes and measured the degree to which they preferred risk to ambiguity. In a separate study we asked participants for their prior probability estimates about the likely outcomes in the ambiguous events. Ambiguity aversion was observed in the vast majority of vignettes, but at different magnitudes. It was predicted by gain/loss direction but not by the prior probability estimates (with the inter- esting exception of the classic Ellsberg ‘urn’ scenario). Our results suggest that ambiguity aversion occurs in a wide variety of qualitative contexts, but to different degrees, and may not be generally driven by unfavourable prior probability estimates of ambiguous events. Corresponding Author: Joshua P. White ([email protected]) AMBIGUITY AVERSION IN QUALITATIVE CONTEXTS: A VIGNETTE STUDY 2 Introduction The world is replete with the unknown, yet people generally prefer some types of ‘unknown’ to others. Here, an important distinction exists between risk and uncertainty. As defined by Knight (1921), risk is a measurable lack of certainty that can be represented by numerical probabilities (e.g., “there is a 50% chance that it will rain tomorrow”), while ambiguity is an unmeasurable lack of certainty (e.g., “there is an unknown probability that it will rain tomorrow”). -
A Task-Based Taxonomy of Cognitive Biases for Information Visualization
A Task-based Taxonomy of Cognitive Biases for Information Visualization Evanthia Dimara, Steven Franconeri, Catherine Plaisant, Anastasia Bezerianos, and Pierre Dragicevic Three kinds of limitations The Computer The Display 2 Three kinds of limitations The Computer The Display The Human 3 Three kinds of limitations: humans • Human vision ️ has limitations • Human reasoning 易 has limitations The Human 4 ️Perceptual bias Magnitude estimation 5 ️Perceptual bias Magnitude estimation Color perception 6 易 Cognitive bias Behaviors when humans consistently behave irrationally Pohl’s criteria distilled: • Are predictable and consistent • People are unaware they’re doing them • Are not misunderstandings 7 Ambiguity effect, Anchoring or focalism, Anthropocentric thinking, Anthropomorphism or personification, Attentional bias, Attribute substitution, Automation bias, Availability heuristic, Availability cascade, Backfire effect, Bandwagon effect, Base rate fallacy or Base rate neglect, Belief bias, Ben Franklin effect, Berkson's paradox, Bias blind spot, Choice-supportive bias, Clustering illusion, Compassion fade, Confirmation bias, Congruence bias, Conjunction fallacy, Conservatism (belief revision), Continued influence effect, Contrast effect, Courtesy bias, Curse of knowledge, Declinism, Decoy effect, Default effect, Denomination effect, Disposition effect, Distinction bias, Dread aversion, Dunning–Kruger effect, Duration neglect, Empathy gap, End-of-history illusion, Endowment effect, Exaggerated expectation, Experimenter's or expectation bias, -
Cognitive Bias Mitigation: How to Make Decision-Making More Rational?
Cognitive Bias Mitigation: How to make decision-making more rational? Abstract Cognitive biases distort judgement and adversely impact decision-making, which results in economic inefficiencies. Initial attempts to mitigate these biases met with little success. However, recent studies which used computer games and educational videos to train people to avoid biases (Clegg et al., 2014; Morewedge et al., 2015) showed that this form of training reduced selected cognitive biases by 30 %. In this work I report results of an experiment which investigated the debiasing effects of training on confirmation bias. The debiasing training took the form of a short video which contained information about confirmation bias, its impact on judgement, and mitigation strategies. The results show that participants exhibited confirmation bias both in the selection and processing of information, and that debiasing training effectively decreased the level of confirmation bias by 33 % at the 5% significance level. Key words: Behavioural economics, cognitive bias, confirmation bias, cognitive bias mitigation, confirmation bias mitigation, debiasing JEL classification: D03, D81, Y80 1 Introduction Empirical research has documented a panoply of cognitive biases which impair human judgement and make people depart systematically from models of rational behaviour (Gilovich et al., 2002; Kahneman, 2011; Kahneman & Tversky, 1979; Pohl, 2004). Besides distorted decision-making and judgement in the areas of medicine, law, and military (Nickerson, 1998), cognitive biases can also lead to economic inefficiencies. Slovic et al. (1977) point out how they distort insurance purchases, Hyman Minsky (1982) partly blames psychological factors for economic cycles. Shefrin (2010) argues that confirmation bias and some other cognitive biases were among the significant factors leading to the global financial crisis which broke out in 2008. -
Perceptions of Teacher Expectations Among First and Second
Digital Commons @ George Fox University Doctor of Education (EdD) Theses and Dissertations 12-1-2016 Student Voice: Perceptions of Teacher Expectations Among First and Second Generation Vietnamese and Mexican Students Sara Gandarilla George Fox University, [email protected] This research is a product of the Doctor of Education (EdD) program at George Fox University. Find out more about the program. Recommended Citation Gandarilla, Sara, "Student Voice: Perceptions of Teacher Expectations Among First and Second Generation Vietnamese and Mexican Students" (2016). Doctor of Education (EdD). 90. http://digitalcommons.georgefox.edu/edd/90 This Dissertation is brought to you for free and open access by the Theses and Dissertations at Digital Commons @ George Fox University. It has been accepted for inclusion in Doctor of Education (EdD) by an authorized administrator of Digital Commons @ George Fox University. For more information, please contact [email protected]. STUDENT VOICE: PERCEPTIONS OF TEACHER EXPECTATIONS AMONG FIRST AND SECOND GENERATION VIETNAMESE AND MEXICAN STUDENTS By SARA GANDARILLA FACULTY RESEARCH COMMITTEE: Chair: Terry Huffman, Ph.D. Members: Ginny Birky, Ph.D. and Tatiana Cevallos, Ed.D. Presented to the College of Education, George Fox University In partial fulfillment of the requirements for the degree of Doctor of Education December 7, 2016 ii ABSTRACT This qualitative research study explored the perceptions first and second generation Vietnamese and Mexican high school students hold on teacher expectations based on their racial identity. Specifically, this study explores the critical concepts of stereotype threat, halo effect, and self-fulfilling prophecy. The primary purpose of this investigation was to enhance the understanding of how the perception students have impacts success or lack of success for two different student groups. -
The Being of Analogy Noah Roderick Noah Roderick the Being of Analogy
Noah Roderick The Being of Analogy Noah Roderick Noah Roderick The Being of Analogy The Being of Modern physics replaced the dualism of matter and form with a new distinction between matter and force. In this way form was marginalized, and with it the related notion of the object. Noah Roderick’s book is a refreshing effort to reverse the consequences of this now banal mainstream materialism. Ranging from physics through literature to linguistics, spanning philosophy from East to West, and weaving it all together in remarkably lucid prose, Roderick intro- duces a new concept of analogy that sheds unfamiliar light on such thinkers as Marx, Deleuze, Goodman, Sellars, and Foucault. More than a literary device, analogy teaches us something about being itself. OPEN HUMANITIES PRESS Cover design by Katherine Gillieson · Illustration by Tammy Lu The Being of Analogy New Metaphysics Series Editors: Graham Harman and Bruno Latour The world is due for a resurgence of original speculative metaphysics. The New Metaphys- ics series aims to provide a safe house for such thinking amidst the demoralizing caution and prudence of professional academic philosophy. We do not aim to bridge the analytic- continental divide, since we are equally impatient with nail-filing analytic critique and the continental reverence for dusty textual monuments. We favor instead the spirit of the intel- lectual gambler, and wish to discover and promote authors who meet this description. Like an emergent recording company, what we seek are traces of a new metaphysical ‘sound’ from any nation of the world. The editors are open to translations of neglected metaphysical classics, and will consider secondary works of especial force and daring. -
Bbm:978-1-59745-385-1/1.Pdf
INDEX A information bias .........................................................29 loss to follow-up bias ....................................... 175, 181 Accuracy minimizing methods of ................................... 181–182 clinical research data ................................................309 nonresponse bias ..............................................175, 181 diagnostic tests .................................................132–133 overmatching bias ....................................................176 Additive models, interaction in. See Interaction recall/memory bias ...........................................176–177 Address transparency .....................................................256 sampling bias ......................................................... 6, 29 ADL and Barthel index .................................................156 types of Alignment of research questions .................................... 300 confounding bias ................................................180 Allele-sharing method ...........................................191–194 information bias .........................................176–179 Allocation concealment ............................................... 6, 98 intervention (exposure) bias ................173, 179–180 Allocative efficiency ........................................237–239, 241 selection bias ...................................24, 25, 173–176 Alpha spending.............................................................. 117 Biomarkers Analyses confounding .................................................... -
The Art of Thinking Clearly
For Sabine The Art of Thinking Clearly Rolf Dobelli www.sceptrebooks.co.uk First published in Great Britain in 2013 by Sceptre An imprint of Hodder & Stoughton An Hachette UK company 1 Copyright © Rolf Dobelli 2013 The right of Rolf Dobelli to be identified as the Author of the Work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means without the prior written permission of the publisher, nor be otherwise circulated in any form of binding or cover other than that in which it is published and without a similar condition being imposed on the subsequent purchaser. A CIP catalogue record for this title is available from the British Library. eBook ISBN 978 1 444 75955 6 Hardback ISBN 978 1 444 75954 9 Hodder & Stoughton Ltd 338 Euston Road London NW1 3BH www.sceptrebooks.co.uk CONTENTS Introduction 1 WHY YOU SHOULD VISIT CEMETERIES: Survivorship Bias 2 DOES HARVARD MAKE YOU SMARTER?: Swimmer’s Body Illusion 3 WHY YOU SEE SHAPES IN THE CLOUDS: Clustering Illusion 4 IF 50 MILLION PEOPLE SAY SOMETHING FOOLISH, IT IS STILL FOOLISH: Social Proof 5 WHY YOU SHOULD FORGET THE PAST: Sunk Cost Fallacy 6 DON’T ACCEPT FREE DRINKS: Reciprocity 7 BEWARE THE ‘SPECIAL CASE’: Confirmation Bias (Part 1) 8 MURDER YOUR DARLINGS: Confirmation Bias (Part 2) 9 DON’T BOW TO AUTHORITY: Authority Bias 10 LEAVE YOUR SUPERMODEL FRIENDS AT HOME: Contrast Effect 11 WHY WE PREFER A WRONG MAP TO NO -
MITIGATING COGNITIVE BIASES in RISK IDENTIFICATION: Practitioner Checklist for the AEROSPACE SECTOR
MITIGATING COGNITIVE BIASES IN RISK IDENTIFICATION: Practitioner Checklist for the AEROSPACE SECTOR Debra L. Emmons, Thomas A. Mazzuchi, Shahram Sarkani, and Curtis E. Larsen This research contributes an operational checklist for mitigating cogni- tive biases in the aerospace sector risk management process. The Risk Identification and Evaluation Bias Reduction Checklist includes steps for grounding the risk identification and evaluation activities in past project experiences through historical data, and emphasizes the importance of incorporating multiple methods and perspectives to guard against optimism and a singular project instantiation-focused view. The authors developed a survey to elicit subject matter expert judgment on the value of the check- list to support its use in government and industry as a risk management tool. The survey also provided insights on bias mitigation strategies and lessons learned. This checklist addresses the deficiency in the literature in providing operational steps for the practitioner to recognize and implement strategies for bias reduction in risk management in the aerospace sector. DOI: https://doi.org/10.22594/dau.16-770.25.01 Keywords: Risk Management, Optimism Bias, Planning Fallacy, Cognitive Bias Reduction Mitigating Cognitive Biases in Risk Identification http://www.dau.mil January 2018 This article and its accompanying research contribute an operational FIGURE 1. RESEARCH APPROACH Risk Identification and Evaluation Bias Reduction Checklist for cognitive bias mitigation in risk management for the aerospace sector. The checklist Cognitive Biases & Bias described herein offers a practical and implementable project management Enabling framework to help reduce biases in the aerospace sector and redress the Conditions cognitive limitations in the risk identification and analysis process. -
Real Estate Issues®
36654_CRE_Cvr:36654_CRE_Cvr 11/14/08 7:33 AM Page A REAL ESTATE ISSUES REAL ESTATE REAL ESTATE ISSUES® Published by THE COUNSELORS OF REAL ESTATE Volume 33, Number 3, 2008 Published by THE COUNSELORS OF REAL ESTATE Special Focus Issue: Understanding The Business of Green www.cre.org Shifting the Sustainability Paradigm: Expanding the Principles of Performance From Advocacy to Good Business to Sustainable Buildings Ujjval K. Vyas, Ph.D., J.D., and Susanne E. Cannon, Ph.D., CRE James E. Woods, Ph.D., P.E. Weather-Related Losses in the Built Environment: Sustainable Buildings and the Surety Societal Change and Climate Change Bryan M. Seifert, Esq. Roger Pielke, Jr. Legal Issues Arising Out Of Selling and Governing the Green Project: Green Building Legislation Owner Risks in Marketing, Entitlement Stephen T. Del Percio, Esq. and Project Governance Energy Performance in Residential Green Paul D’Arelli, Esq. Developments: A Florida Case Study Greening the Standard of Care: Pierce Jones, Ph.D., and Ujjval K. Vyas, Ph.D., J.D. Evolving Legal Standards of Practice for Green Building Representations and the the Architect in a Sustainable World Emerging Potential for Securities Fraud Liability Frederick F. Butters, FAIA, Esq. Brian D. Anderson, Esq. Trust, but Verify: Blinded by the (Green) Light: Building Enclosure Commissioning The Rise of Environmentalism and in Sustainable Design a New Vocabulary–Four Perspectives Daniel J. Lemieux, AIA Richard Shields Volume 33, Number 3, 2008 Volume 430 N. Michigan Ave. Chicago, IL 60611-4089 Telephone: 312.329.8427 E-mail: [email protected] Web site: www.cre.org www.cre.org 36654_CRE_Cvr 11/10/08 11:01 AM Page B THE CRE MISSION To be the forum for leaders in real estate. -
Working Memory, Cognitive Miserliness and Logic As Predictors of Performance on the Cognitive Reflection Test
Working Memory, Cognitive Miserliness and Logic as Predictors of Performance on the Cognitive Reflection Test Edward J. N. Stupple ([email protected]) Centre for Psychological Research, University of Derby Kedleston Road, Derby. DE22 1GB Maggie Gale ([email protected]) Centre for Psychological Research, University of Derby Kedleston Road, Derby. DE22 1GB Christopher R. Richmond ([email protected]) Centre for Psychological Research, University of Derby Kedleston Road, Derby. DE22 1GB Abstract Most participants respond that the answer is 10 cents; however, a slower and more analytic approach to the The Cognitive Reflection Test (CRT) was devised to measure problem reveals the correct answer to be 5 cents. the inhibition of heuristic responses to favour analytic ones. The CRT has been a spectacular success, attracting more Toplak, West and Stanovich (2011) demonstrated that the than 100 citations in 2012 alone (Scopus). This may be in CRT was a powerful predictor of heuristics and biases task part due to the ease of administration; with only three items performance - proposing it as a metric of the cognitive miserliness central to dual process theories of thinking. This and no requirement for expensive equipment, the practical thesis was examined using reasoning response-times, advantages are considerable. There have, moreover, been normative responses from two reasoning tasks and working numerous correlates of the CRT demonstrated, from a wide memory capacity (WMC) to predict individual differences in range of tasks in the heuristics and biases literature (Toplak performance on the CRT. These data offered limited support et al., 2011) to risk aversion and SAT scores (Frederick, for the view of miserliness as the primary factor in the CRT.