I attended the Behavioral Science and Policy Association conference last month and learned a great deal about the latest thinking in nudges, choice architecture, social norms, persuasion and how these can improve policies and decisions that people make. I went hoping to get some good ideas to apply to my company, Decision Fish, and to … Continue reading The BSPA Conference: Behavioral Insights for Better Policies
On Tuesday, September 19, 2017, the New York City Mayor’s Office of Workforce Development and B Lab recognized Decision Fish as one of 14 Best for NYC Changemakers. According to the awards committee, “Best for NYC Changemakers are redefining business success by creating quality jobs, building stronger communities, and supporting a more sustainable environment.” Decision … Continue reading Decision Fish Named Best for NYC by Mayor’s Office
Can we build better decision making skills using video simulations? What are some of the biases and challenges facing managers who want to make the best decisions? What’s the proper role of intuition/hunches and deliberation/analysis for managerial decision making? How do you build resilience when any decision is likely to make at least some people irate?! Get answers from Ken Spero, CEO of Ed Leadership Sims in our video interview. Continue reading Can You Teach Leadership Decision Making?
Behavioral Economics (BE), a mash-up of psychology and economics, originally interested me because it promised a way to understand and predict mistakes that people make. This helped me do a better job as a banker to governments and nonprofits, because I could help them (and me) avoid those mistakes. It took a while for me to … Continue reading Make Any Decision
Financial wellness is a trending priority among business managers, policy makers, financial institutions, consultancies, entrepreneurs and, not least, consumers themselves. In fact, we created Decision Fish to build scalable tools that help people achieve financial wellness. What really is financial wellness, and how are the parties above working to promote it in the US (and Canada)? … Continue reading Prescriptions for Precarity: Highlights from EMERGE
A 29-year old friend of mine asked me recently, “How do I get started investing for retirement?”* Since I prefer education and coaching to “advice”, here’s what I told him. For me, investments should be simple, cheap and take only smart risks. There are more than 9,000 mutual funds out there. How do I choose one? … Continue reading My Super-Simple Retirement Investment Strategy
No matter how compelling a new change is, it’s tough to override the brain’s natural resistance to new behaviors. Fortunately, there is hope. The SAGE Question Framework uses knowledge about habit formation to help you plan and execute your change in a way that will stick. Continue reading Making Change Stick
What do classical music in the train station, binge-inducing pre-loaded TV show episodes in Netflix, and those “I voted stickers” you get after voting have in common? Read our latest article, “Nudges: For Your Own Good?” about how government and businesses “nudge” your behavior for your own good…or maybe not (5 minute read). Continue reading Nudges: For Your Own Good?
In short an objective decision is a just and fair one, supported by verifiable facts, with which rational and informed people will tend to agree. That said, subjectivity has its place. It’s up to us to determine mindfully the degree of objectivity is required in each case. Continue reading Objective: Decision
Do you want a simple and easy tool for making an important decision? The simplest “tool” is a heuristic. A short-cut like “take the default” or “do what everyone else is doing” may be fine for selecting a restaurant entrée or route to the grocery store. But what about more important decisions like taking a … Continue reading Taking the Red Pill: Into the Decision Matrix