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Part 1: Perceptions that Make Sense But May Not Be So
By David C Forman, president Sage Learning, Author: Fearless HR
Why is it that when testing out a concept for a new restaurant, people are willing to spend more money if the restaurant is named Studio 97 rather than Studio 17? How is it that a tall person with a deep voice is perceived to be more capable than someone without these qualities? How come the key to selling more Italian wine in a store is to have opera music in the background? And why would people come up with wildly different estimates for the sum of 8x7x6x5x4x3x2x1 as compared to 1x2x3x4x5x6x7x8?
Or how about this one: Why do we buy more soup when it is on sale (e.g., 3 cans for $5) than when it is cheaper to purchase individually (at $1.50 per can)?
These very different examples make little sense, except that these instances have been replicated over and over in scientific experiments. The reason: It seems that we are not as rational as we think we are. Our operating system, apparently, is not in full control; and something else intervenes. It turns out that our brains, as they have been taught to do over the millennia, seek short cuts (heuristics) in a complex world overloaded with data and alternatives. The quick choices that we make based on our internal algorithms can unconsciously go astray.
Not surprisingly, this imperfection in our intellectual armor has attracted considerable attention. Amos Tversky and Danny Kahneman are two psychologists who delved into this interesting, but anomalous behavior. The latter won the Nobel Prize in economics, and both are warmly portrayed in Michel Lewis’s wonderful book, “The Undoing Project.” As humans, we think fast and slow; and our two selves—fast thinking for survival and slower, more rational thought—often battle each other. Other scientists have contributed to the discussion of how judgments are made and the fact that unconscious bias often intercedes. The field of behavioral economics is in full bloom, and new professions are emerging to add to our understanding of how we are wired as people. My favorite new job titles are evolutionary psychologist and organizational anthropologist.
Given these apparent contradictions in a rational order, let’s take a closer look at two categories of statements. The first is the statements that seem to be true, reflect conventional wisdom, and would not seem to be worth the time to challenge. But perhaps they should be. Then there are statements that are almost contradictions themselves but are worth greater thought. My favorite example of these latter statements comes from Yogi Berra, both a great catcher and American philosopher, who makes ridiculous statements that turn out to be somewhat profound. “When you come to a fork in the road, take it,” or “We’re lost, but making good time.” At the very least, these cause us to think twice.
Statements that make sense and seem logical; but may not be the best advice.
Mark Twain deserves the last word for part 1. “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure, that just ain’t so.”
(End of Part One – CLICK HERE for Part Two)
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Meet the author at the upcoming Talent@Work Forum
Written by: Dave Forman
Employee Engagement Employee Experience Leadership Recruitment Strategy & Transformation Teamwork
labelArticles today2022.02.16.
Click HERE for Part One. Part 2: Seeming Contradictions That Work So By David C Forman, president Sage Learning, Author: Fearless HR Ready for more? To start, one more Yogi [...]
labelArticles today2024.10.21.
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