Nugget: In praise of Vagueness

Excerpt from "In Praise of Vagueness; Malleability of Vague Information as a Performance Booster" by Himanshu Mishra, Arul Mishra and Baba Shiv "In the domains of goal setting and selfpresentation, research has found that people strategically distort vague information to perceive themselves as at an advantage. For instance, athletes were more likely to exaggerate their … Continue reading Nugget: In praise of Vagueness

Mental Model: Behavioral Economics

A mental model is an explanation of a thought process about how something works in the real world. Mental models help shape our behaviour and define our approach to solving problems (akin to a personal algorithm) and carrying out tasks. Mental models have been studied by cognitive scientists as part of efforts to understand how … Continue reading Mental Model: Behavioral Economics