Daniel Kahneman’s “Prospect Theory” is a model of decision-making that explains how people weigh the potential gains and losses of a decision. The theory suggests that people are more sensitive to potential losses than to potential gains, and that they … Continued
The inverse base rate effect is a cognitive bias that occurs when people use specific information to make judgments about a general population, without taking into account the base rate of that population. For example, if someone hears that a … Continued
Cognitive biases are systematic deviations from rational judgment and thinking that can affect the decisions and actions of individuals and organizations. Heuristics are rules of thumb that serve as potential aids to decision making by focusing attention on particular aspects … Continued
The purpose of this article is to give you some ideas that will hopefully inspire and stimulate you as you go forward. I’m going to start with two assumptions. The assumption I want to start with was shared in a … Continued
I am happy to write today about employment termination practice reminders. So let’s get right into it. First thing I’d like you to understand is a bit of the dynamics terminating an employee is a stressful event. It is certainly … Continued
“It is not the White supremacists, Ku Klux Klan members, or Skinheads, for example, who pose the greatest threat to people of color, but instead well-intentioned people, who are strongly motivated by egalitarian values, believe in their own morality, and … Continued
Research tells us that the real reason most people leave an organization has nothing to do with pay. It has to do with their feeling of belonging. It has to do with how much they feel connected. And very, very … Continued
Meeting the Challenges of HR One of the reasons I love consulting job is I have the privilege of going to so many companies, and really trying to figure out what’s happening in the field of human resources today. What … Continued
“SUCCESS IS DUE 15% TO PROFESSIONAL KNOWLEDGE AND 85% TO THE ABILITY TO EXPRESS IDEAS, TO ASSUME LEADERSHIP, AND TO AROUSE ENTHUSIASM AMONG PEOPLE.” HOW TO WIN FRIENDS & INFLUENCE PEOPLE, BY DALE CARNEGIE. (1936) While you might think Dale Carnegie’s … Continued
I frequently get calls from workers who think they are dealing with a hostile work environment, but they’re not. A hostile work environment is more than just hostile co-workers or managers. A hostile work environment is a legal term with … Continued
Managing up is the art of influencing your boss and other senior leaders in a way that benefits both you and the organization. It is not about sucking up, manipulating, or flattering, but rather about building a productive and respectful … Continued
Microaggression is a term used for commonplace daily verbal, behavioral or environmental slights, whether intentional or unintentional, that communicate hostile, derogatory, or negative attitudes toward stigmatized or culturally marginalized groups. For example, a person might comment that an Asian American … Continued
A utility function is a mathematical expression that assigns a numerical value to the preferences of a decision maker over a set of possible outcomes. Utility functions are widely used in economics to model the behavior of consumers, producers, and … Continued
Behavioral economics is a branch of economics that studies how human psychology, cognition, emotions, and social factors influence the choices that people make. Unlike traditional economics, which assumes that people are rational and self-interested agents who maximize their utility, behavioral … Continued