The Internet has evolved into a ubiquitous and indispensable digital environment in which
people communicate, seek information, and make decisions. Despite offering various …

Errors in probabilistic reasoning have been the focus of much psychology research and are
among the original topics of modern behavioral economics. This chapter reviews theory and …

One of the essential insights from psychological research is that people's information
processing is often biased. By now, a number of different biases have been identified and …

In recent years, policy makers worldwide have begun to acknowledge the potential value of
insights from psychology and behavioral economics into how people make decisions. These …

Public opinion is shaped in significant part by online content, spread via social media and
curated algorithmically. The current online ecosystem has been designed predominantly to …

Objective. Cognitive biases can impact experts' judgments and decisions. We offer a broad
descriptive model of how bias affects human judgment. Although studies have explored the …

Meta-Reasoning refers to the processes that monitor the progress of our reasoning and
problem-solving activities and regulate the time and effort devoted to them. Monitoring …

If citizens' behavior threatens to harm others or seems not to be in their own interest (eg,
risking severe head injuries by riding a motorcycle without a helmet), it is not uncommon for …

Behavioral economics began with the intention of eliminating the psychological blind spot in
rational choice theory and ended up portraying psychology as the study of irrationality. In its …

Several widely-cited weaknesses of Partial Least Squares (PLS) path modeling center on its
character as a composite-based method rather than a factor-based method. Yet factor …