Doing Better but Feeling Worse: the Paradox of Choice Barry Schwartz
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Citations and Herding: Why One Article Makes It and Another Doesn't
ASSOCIATION FOR CONSUMER RESEARCH Labovitz School of Business & Economics, University of Minnesota Duluth, 11 E. Superior Street, Suite 210, Duluth, MN 55802 Citations and Herding: Why One Article Makes It and Another Doesn’T Simon Quaschning, Ghent University, Belgium Mario Pandelaere, Ghent University, Belgium Iris Vermeir, Ghent University, Belgium The purpose of this paper is to draw a link between citations and the choice overload paradigm and show that herding plays a role in citing behavior. In addition, parallel with an increase in the number of published papers, we observe an increase in the strength of herding in citation. [to cite]: Simon Quaschning, Mario Pandelaere, and Iris Vermeir (2011) ,"Citations and Herding: Why One Article Makes It and Another Doesn’T", in NA - Advances in Consumer Research Volume 38, eds. Darren W. Dahl, Gita V. Johar, and Stijn M.J. van Osselaer, Duluth, MN : Association for Consumer Research. [url]: http://www.acrwebsite.org/volumes/16061/volumes/v38/NA-38 [copyright notice]: This work is copyrighted by The Association for Consumer Research. For permission to copy or use this work in whole or in part, please contact the Copyright Clearance Center at http://www.copyright.com/. Advances in Consumer Research (Volume 38) / 747 Chocarro, Raquel, Monica Cortiñas and Margarita Elorz (2009), “The Impact of Product Category Knowledge on Consumer Use of Extrinsic Cues: A Study Involving Agrifood Products,” Food Quality and Preference, 20(3), 176-86. Hakanen, Ernest. A. (1998), “Counting Down to Number One: The Evolution of the Meaning of Popular Music Charts,” Popular Music, 17(1), 95-111. Iyengar, Sheena. -
About Emotions There Are 8 Primary Emotions. You Are Born with These
About Emotions There are 8 primary emotions. You are born with these emotions wired into your brain. That wiring causes your body to react in certain ways and for you to have certain urges when the emotion arises. Here is a list of primary emotions: Eight Primary Emotions Anger: fury, outrage, wrath, irritability, hostility, resentment and violence. Sadness: grief, sorrow, gloom, melancholy, despair, loneliness, and depression. Fear: anxiety, apprehension, nervousness, dread, fright, and panic. Joy: enjoyment, happiness, relief, bliss, delight, pride, thrill, and ecstasy. Interest: acceptance, friendliness, trust, kindness, affection, love, and devotion. Surprise: shock, astonishment, amazement, astound, and wonder. Disgust: contempt, disdain, scorn, aversion, distaste, and revulsion. Shame: guilt, embarrassment, chagrin, remorse, regret, and contrition. All other emotions are made up by combining these basic 8 emotions. Sometimes we have secondary emotions, an emotional reaction to an emotion. We learn these. Some examples of these are: o Feeling shame when you get angry. o Feeling angry when you have a shame response (e.g., hurt feelings). o Feeling fear when you get angry (maybe you’ve been punished for anger). There are many more. These are NOT wired into our bodies and brains, but are learned from our families, our culture, and others. When you have a secondary emotion, the key is to figure out what the primary emotion, the feeling at the root of your reaction is, so that you can take an action that is most helpful. . -
Functional Aspects of Emotions in Fish
Behavioural Processes 100 (2013) 153–159 Contents lists available at ScienceDirect Behavioural Processes jou rnal homepage: www.elsevier.com/locate/behavproc Functional aspects of emotions in fish ∗ Silje Kittilsen Norwegian School of Veterinary Science, Norway a r t i c l e i n f o a b s t r a c t Article history: There is an ongoing scientific discussion on whether fish have emotions, and if so how they experience Received 19 March 2013 them? The discussion has incorporated important areas such as brain anatomy and function, physiological Received in revised form and behavioural responses, and the cognitive abilities that fish possess. Little attention has however, been 10 September 2013 directed towards what functional aspects emotions ought to have in fish. If fish have emotions – why? Accepted 11 September 2013 The elucidation of this question and an assessment of the scientific evidences of emotions in fish in an evolutionary and functional framework would represent a valuable contribution in the discussion on Keywords: whether fish are emotional creatures. Here parts of the vast amount of literature from both biology and Emotions Behaviour psychology relating to the scientific field of emotions, animal emotion, and the functional aspects that Cognition emotions fulfil in the lives of humans and animals are reviewed. Subsequently, by viewing fish behaviour, Psychology physiology and cognitive abilities in the light of this functional framework it is possible to infer what Fish functions emotions may serve in fish. This approach may contribute to the vital running discussion on Evolution the subject of emotions in fish. In fact, if it can be substantiated that emotions are likely to serve a function in fish similar to that of other higher vertebrate species, the notion that fish do have emotions will be strengthened. -
Intransitivity and Future Generations: Debunking Parfit's Mere Addition Paradox
Journal of Applied Philosophy, Vol. 20, No. 2,Intransitivity 2003 and Future Generations 187 Intransitivity and Future Generations: Debunking Parfit’s Mere Addition Paradox KAI M. A. CHAN Duties to future persons contribute critically to many important contemporaneous ethical dilemmas, such as environmental protection, contraception, abortion, and population policy. Yet this area of ethics is mired in paradoxes. It appeared that any principle for dealing with future persons encountered Kavka’s paradox of future individuals, Parfit’s repugnant conclusion, or an indefensible asymmetry. In 1976, Singer proposed a utilitarian solution that seemed to avoid the above trio of obstacles, but Parfit so successfully demonstrated the unacceptability of this position that Singer abandoned it. Indeed, the apparently intransitivity of Singer’s solution contributed to Temkin’s argument that the notion of “all things considered better than” may be intransitive. In this paper, I demonstrate that a time-extended view of Singer’s solution avoids the intransitivity that allows Parfit’s mere addition paradox to lead to the repugnant conclusion. However, the heart of the mere addition paradox remains: the time-extended view still yields intransitive judgments. I discuss a general theory for dealing with intransitivity (Tran- sitivity by Transformation) that was inspired by Temkin’s sports analogy, and demonstrate that such a solution is more palatable than Temkin suspected. When a pair-wise comparison also requires consideration of a small number of relevant external alternatives, we can avoid intransitivity and the mere addition paradox without infinite comparisons or rejecting the Independence of Irrelevant Alternatives Principle. Disagreement regarding the nature and substance of our duties to future persons is widespread. -
CHOICE – a NEW STANDARD for COMPETITION LAW ANALYSIS? a Choice — a New Standard for Competition Law Analysis?
GO TO TABLE OF CONTENTS GO TO TABLE OF CONTENTS CHOICE – A NEW STANDARD FOR COMPETITION LAW ANALYSIS? a Choice — A New Standard for Competition Law Analysis? Editors Paul Nihoul Nicolas Charbit Elisa Ramundo Associate Editor Duy D. Pham © Concurrences Review, 2016 GO TO TABLE OF CONTENTS All rights reserved. No photocopying: copyright licenses do not apply. The information provided in this publication is general and may not apply in a specifc situation. Legal advice should always be sought before taking any legal action based on the information provided. The publisher accepts no responsibility for any acts or omissions contained herein. Enquiries concerning reproduction should be sent to the Institute of Competition Law, at the address below. Copyright © 2016 by Institute of Competition Law 60 Broad Street, Suite 3502, NY 10004 www.concurrences.com [email protected] Printed in the United States of America First Printing, 2016 Publisher’s Cataloging-in-Publication (Provided by Quality Books, Inc.) Choice—a new standard for competition law analysis? Editors, Paul Nihoul, Nicolas Charbit, Elisa Ramundo. pages cm LCCN 2016939447 ISBN 978-1-939007-51-3 ISBN 978-1-939007-54-4 ISBN 978-1-939007-55-1 1. Antitrust law. 2. Antitrust law—Europe. 3. Antitrust law—United States. 4. European Union. 5. Consumer behavior. 6. Consumers—Attitudes. 7. Consumption (Economics) I. Nihoul, Paul, editor. II. Charbit, Nicolas, editor. III. Ramundo, Elisa, editor. K3850.C485 2016 343.07’21 QBI16-600070 Cover and book design: Yves Buliard, www.yvesbuliard.fr Layout implementation: Darlene Swanson, www.van-garde.com GO TO TABLE OF CONTENTS ii CHOICE – A NEW STANDARD FOR COMPETITION LAW ANALYSIS? Editors’ Note PAUL NIHOUL NICOLAS CHARBIT ELISA RAMUNDO In this book, ten prominent authors offer eleven contributions that provide their varying perspectives on the subject of consumer choice: Paul Nihoul discusses how freedom of choice has emerged as a crucial concept in the application of EU competition law; Neil W. -
A Set of Solutions to Parfit's Problems
NOÛS 35:2 ~2001! 214–238 A Set of Solutions to Parfit’s Problems Stuart Rachels University of Alabama In Part Four of Reasons and Persons Derek Parfit searches for “Theory X,” a satisfactory account of well-being.1 Theories of well-being cover the utilitarian part of ethics but don’t claim to cover everything. They say nothing, for exam- ple, about rights or justice. Most of the theories Parfit considers remain neutral on what well-being consists in; his ingenious problems concern form rather than content. In the end, Parfit cannot find a theory that solves each of his problems. In this essay I propose a theory of well-being that may provide viable solu- tions. This theory is hedonic—couched in terms of pleasure—but solutions of the same form are available even if hedonic welfare is but one aspect of well-being. In Section 1, I lay out the “Quasi-Maximizing Theory” of hedonic well-being. I motivate the least intuitive part of the theory in Section 2. Then I consider Jes- per Ryberg’s objection to a similar theory. In Sections 4–6 I show how the theory purports to solve Parfit’s problems. If my arguments succeed, then the Quasi- Maximizing Theory is one of the few viable candidates for Theory X. 1. The Quasi-Maximizing Theory The Quasi-Maximizing Theory incorporates four principles. 1. The Conflation Principle: One state of affairs is hedonically better than an- other if and only if one person’s having all the experiences in the first would be hedonically better than one person’s having all the experiences in the second.2 The Conflation Principle sanctions translating multiperson comparisons into single person comparisons. -
A New Look on Regret Regulation Process for Risky Decisions Nawel
“I should not have been so cautious!” A new look on regret regulation process for risky decisions Nawel AYADI Maîtres de conférences IAE de Toulouse, Université Toulouse I Capitole CRM, EAC-CNRS 5032 [email protected] Laurent BERTRANDIAS Maîtres de conférences IAE de Toulouse, Université Toulouse I Capitole CRM, EAC-CNRS 5032 [email protected] « Je n’aurais pas dû être aussi prudent ! » Un nouveau regard sur le processus de régulation du regret pour les décisions risquées Résumé Le consommateur essaie de réguler son émotion de regret en prenant des décisions capables de minimiser le regret ressenti. Les conséquences des décisions risquées sont inconnues amenant le consommateur à anticiper le regret éprouvé pour les différentes situations possibles. L’article suggère que le regret anticipé est ambivalent et distingue le classique regret anticipé d’une prise de risque excessive (ARERT) du regret anticipé d’une recherche excessive de sécurité (ARESS). Les résultats de notre expérience montrent que ces deux regrets exercent des effets contraires sur la prise de risque mais que ces effets sont modérés par l’intelligence émotionnelle du consommateur. Mots-clés : régulation du regret, regret anticipé, intelligence émotionnelle, prise de risque “I should not have been so cautious!” A new look on regret regulation process for risky decisions Abstract Consumers try to regulate regret by taking decisions which minimize regret experience. Risky decisions consequences are unknown leading consumers to anticipate regret for all possible situations. The article suggests that anticipated regret is ambivalent and distinguishes between “traditional” anticipated regret of an excessive risk-taking (ARERT) and anticipated regret of an excessive safety-seeking (ARESS). -
Unexpected Hanging Paradox - Wikip… Unexpected Hanging Paradox from Wikipedia, the Free Encyclopedia
2-12-2010 Unexpected hanging paradox - Wikip… Unexpected hanging paradox From Wikipedia, the free encyclopedia The unexpected hanging paradox, hangman paradox, unexpected exam paradox, surprise test paradox or prediction paradox is a paradox about a person's expectations about the timing of a future event (e.g. a prisoner's hanging, or a school test) which he is told will occur at an unexpected time. Despite significant academic interest, no consensus on its correct resolution has yet been established.[1] One approach, offered by the logical school of thought, suggests that the problem arises in a self-contradictory self- referencing statement at the heart of the judge's sentence. Another approach, offered by the epistemological school of thought, suggests the unexpected hanging paradox is an example of an epistemic paradox because it turns on our concept of knowledge.[2] Even though it is apparently simple, the paradox's underlying complexities have even led to it being called a "significant problem" for philosophy.[3] Contents 1 Description of the paradox 2 The logical school 2.1 Objections 2.2 Leaky inductive argument 2.3 Additivity of surprise 3 The epistemological school 4 See also 5 References 6 External links Description of the paradox The paradox has been described as follows:[4] A judge tells a condemned prisoner that he will be hanged at noon on one weekday in the following week but that the execution will be a surprise to the prisoner. He will not know the day of the hanging until the executioner knocks on his cell door at noon that day. -
Russell's Paradox in Appendix B of the Principles of Mathematics
HISTORY AND PHILOSOPHY OF LOGIC, 22 (2001), 13± 28 Russell’s Paradox in Appendix B of the Principles of Mathematics: Was Frege’s response adequate? Ke v i n C. Kl e m e n t Department of Philosophy, University of Massachusetts, Amherst, MA 01003, USA Received March 2000 In their correspondence in 1902 and 1903, after discussing the Russell paradox, Russell and Frege discussed the paradox of propositions considered informally in Appendix B of Russell’s Principles of Mathematics. It seems that the proposition, p, stating the logical product of the class w, namely, the class of all propositions stating the logical product of a class they are not in, is in w if and only if it is not. Frege believed that this paradox was avoided within his philosophy due to his distinction between sense (Sinn) and reference (Bedeutung). However, I show that while the paradox as Russell formulates it is ill-formed with Frege’s extant logical system, if Frege’s system is expanded to contain the commitments of his philosophy of language, an analogue of this paradox is formulable. This and other concerns in Fregean intensional logic are discussed, and it is discovered that Frege’s logical system, even without its naive class theory embodied in its infamous Basic Law V, leads to inconsistencies when the theory of sense and reference is axiomatized therein. 1. Introduction Russell’s letter to Frege from June of 1902 in which he related his discovery of the Russell paradox was a monumental event in the history of logic. However, in the ensuing correspondence between Russell and Frege, the Russell paradox was not the only antinomy discussed. -
The Empathy Connection
The Empathy Connection Creating Caring Communities through the Human-Animal Relationship The Doris Day Animal Foundation (DDAF) is a national nonprofit organization working to create caring communities. Thanks to a generous grant from the Claire Giannini Fund, we are pleased to present “The Empathy Connection,” a publication designed to help parents, teachers, and other adults instill the important skill of empathy in our youth. As a mother of two school-age children, president of the parent teacher’s association of a middle school, and as the Executive Director of the Doris Day Animal Foundation, I know how important empathy is in children’s development. Empathy is an important skill, related to success in many areas of development—social, academic, and personal. Learning how to respond empathetically is also the best antidote to violence, bullying, and other unwanted, aggressive behavior in children. The basic tenet of DDAF’s “creating caring communities” mission is that the protection of, and respect for, animals is closely linked to human welfare. The development of empathy is a case in point: one of the best—and probably one of the most enjoyable—ways to teach children empathy is through the human-animal relationship. The Doris Day Animal Foundation offers training workshops and materials designed to help professional and lay communities address the problem of violence and promote positive development in children, families, and communities. We do this by demonstrating how paying attention to the animal-human welfare link builds safer, more creative communities for all living creatures. We hope you will let us know how you used “The Empathy Connection,” or other DDAF materials. -
Lecture 5. Zeno's Four Paradoxes of Motion
Lecture 5. Zeno's Four Paradoxes of Motion Science of infinity In Lecture 4, we mentioned that a conflict arose from the discovery of irrationals. The Greeks' rejection of irrational numbers was essentially part of a general rejection of the infinite process. In fact, until the late 19th century most mathematicians were reluctant to accept infinity. In his last observations on mathematics1, Hermann Weyl wrote: \Mathematics has been called the science of the infinite. Indeed, the mathematician invents finite constructions by which questions are decided that by their very nature refer to the infinite. That is his glory." Besides the conflict of irrational numbers, there were other conflicts about the infinite process, namely, Zeno's famous paradoxes of motion from around 450 B.C. Figure 5.1 Zeno of Citium Zeno's Paradoxes of motion Zeno (490 B.C. - 430 B.C.) was a Greek philosopher of southern Italy and a member of the Eleatic School founded by Parmenides2. We know little 1Axiomatic versus constructive procedures in mathematics, The Mathematical Intelligencer 7 (4) (1985), 10-17. 2Parmenides of Elea, early 5th century B.C., was an ancient Greek philosopher born in Elea, a Greek city on the southern coast of Italy. He was the founder of the Eleatic school of philosophy. For his picture, see Figure 2.3. 32 about Zeno other than Plato's assertion that he went to Athens to meet with Socrates when he was nearly 40 years old. Zeno was a Pythegorean. By a legend, he was killed by a tyrant of Elea whom he had plotted to depose. -
Crisis Playbook—The Fear of Loss and Regret Approaching the Challenges and Potential Opportunities of Market Volatility
T. ROWE PRICE INSIGHTS ON GLOBAL EQUITY Crisis Playbook—The Fear of Loss and Regret Approaching the challenges and potential opportunities of market volatility. March 2020 isk happens. Global equity markets entered 2020 in a state Rof Goldilocks—low interest rates and bottoming short‑cycle economic indicators. Markets were heavily David Eiswert focused on the Trump administration’s election “put” and China’s focus on Portfolio Manager, economic stability heading into 2021. T. Rowe Price Global Stock Fund This benign environment drove markets and multiples higher. Then the butterfly flapped its wings and time, it seems that COVID‑19 is not a we found ourselves with COVID‑19, the mortal threat to most people. Obviously, novel coronavirus. this is conjecture given I am no expert in virology or public health. So we are COVID‑19 introduced a risk poorly continuing to track the development handled by monetary policy, the world’s of this crisis, learning and evolving our preferred tool for economic stability. A thinking as the situation unfolds. supply shock has spread outward from China along with the virus. Regardless, a virus that is novel and spreads far and wide means panic The virus appears to be very contagious as well as volatility in asset prices as but relatively mild compared with others, unexpected risks present themselves. Our first task such as Ebola and MERS, but pandemic We are tasked with managing a global means suffering and death and must equity fund given these circumstances, is to act early. be urgently addressed. The immediate and in moments such as this, I am control of COVID‑19 is particularly incredibly grateful for our global complex in that many of its victims are research resources.