This post examines findings from Chris Dawson’s research on the connection between cognitive ability and optimism bias in financial decision-making. Using data from over 36,000 individuals in the U.K., the study highlights how cognitive ability influences unrealistic optimism, particularly in financial expectations versus actual outcomes. Background Optimism bias refers to …
The study by Wedel, Pieters, and van der Lans (2023) reviews advancements in modeling eye movements to understand decision-making processes. Eye tracking offers valuable insights into perceptual and cognitive mechanisms, making it a powerful tool for studying how individuals evaluate and make decisions. Background Eye movement studies have been instrumental …
Moutoussis et al. (2021) introduce “decision acuity” as a measurable cognitive construct distinct from intelligence quotient (IQ). Their research investigates how decision acuity relates to mental health, social functioning, and brain connectivity, offering new insights into the interplay between cognition and psychopathology. Background Decision-making has long been recognized as a …
