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Topic: Thomas Gilovich


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  New science helps explain dumb money moves
Thomas Gilovich, professor of psychology and co-author of a new book on behavioral economics, Why Smart People Make Big Money Mistakes, stands in front of an Ithaca bank vault door.
Ever the academic, Gilovich contributes to the book a mercifully brief history of conventional economics and of the newer behavioral economics, which has coalesced in the last 10 years with a literature of its own, but which so far has failed to reach the money-muddled general public.
Gilovich and Belsky fill their book with anecdotes about seemingly smart people they know who made bad money decisions, supplying self-tests to help readers apply behavioral economics to their own decision-making.
www.news.cornell.edu /Chronicle/99/2.4.99/Gilovich.html   (748 words)

  
 Cornell Psychology Department
Gilovich, T., Medvec, V.H., & Savitsky, K. The spotlight effect in social judgment: An egocentric bias in estimates of the salience of one’s own actions and appearance.
Gilovich, T. Differential construal and the false consensus effect.
Gilovich, T., Vallone, R., & Tversky, A. The hot hand in basketball: On the misperception of random sequences.
comp9.psych.cornell.edu /people/Faculty/tdg1.html   (1002 words)

  
  Thomas Gilovich - Psychology Wiki
Gilovich earned his Ph.D. in psychology at Stanford University in 1981.
Gilovich, T., Griffin, D. and Kahneman, D. (Eds.).
Gilovich, T. How we know what isn't so: The fallibility of human reason in everyday life.
psychology.wikia.com /wiki/Thomas_Gilovich   (177 words)

  
 Thomas Gilovich   (Site not responding. Last check: )
Thomas D. Gilovich is a professor of psychology at Cornell University who has researched decision making and behavioral economics and has written popular books on said subjects.
Gilovich earned his PhD in psychology at Stanford University in 1981.
Gilovich, T., Griffin, D. & Kahneman, D. (Eds.).
www.xasa.com /wiki/en/wikipedia/t/th/thomas_gilovich.html   (129 words)

  
 Tom Gilovich
Gilovich, T. Seeing the past in the present: The effect of associations to familiar events on judgments and decisions.
Gilovich, T., Medvec, V. H., & Savitsky, K. The spotlight effect in social judgment: An egocentric bias in estimates of the salience of one’s own actions and appearance.
Gilovich, T., Savitsky, K., & Medvec, V.H. The illusion of transparency: Biased assessments of others’ ability to read one's emotional states.
gilovich.socialpsychology.org   (423 words)

  
 Liter Review C
Gilovich discusses the persistent belief held by basketball players and fans in the "hot hand" despite the fact that statistical analyses of shooting patterns actually finds that there is no such phenomenon.
Gilovich posits that people are generally inclined to allow their preconceived ideas about player's confidence and their corresponding shooting skill to influence their perception of a pattern in the shooting, seeing one where there is in fact none.
In fact, Gilovich concludes that those closest to the game of basketball exhibited a stronger belief in the hot hand than those not as intimately involved in the game of basketball.
www.yu.edu /faculty/eckholdt/1301/litc.html   (753 words)

  
 Cornell News: Viewpoint helps self-change
Gilovich and former graduate students Lisa K. Libby, Cornell Ph.D. '03 and an assistant professor of psychology at Ohio State University, and Richard Eibach, Cornell Ph.D. '03 and an assistant professor of psychology at Yale University, conducted a series of studies to examine the effects of memory perspective on perceiving personal change.
Gilovich points out, however, that a third-person perspective accentuates perceived changes when people seeking self-improvement are focused on differences between their present and past selves.
But when the volunteers were asked to focus on similarities from the past by visualizing a past event that was positive, such as something they were proud of, the third-person perspective tended to promote perceptions of continuity between the present self and a positive past self.
www.news.cornell.edu /stories/April05/self-change.viewpoint.ssl.html   (633 words)

  
 How We Know What Isn’t So Review - Thomas Gilovich
Thomas Gilovich, a professor of psychology who has studied commmon cognitive errors, had the good idea to make the fruits of this research accessible to the general reader.
The problems are many, including an unsure sense of audience (Gilovich sometimes adopts a primer style, while at other times he assumes a more sophisticated audience) and a failure to define clearly the scope of his project.
Gilovich begins his first chapter with what he considers to be a prime example of flawed thinking: the widespread belief in the “hot hand” in basketball.
www.enotes.com /salem-lit/how-we-know-what-isnt   (457 words)

  
 Prof. Thomas D. Gilovich - AILUN Personal Page
(2004) Kruger, J., and Gilovich, T. Actions, intentions, and trait assessment: The road to selfenhancement is paved with good intentions.
(2000) Gilovich, T., Medvec, V.H., and Savitsky, K. The spotlight effect in social judgment: An egocentric bias in estimates of the salience of one's own actions and appearance.
(1981) Gilovich, T. Seeing the past in the present: The effect of associations to familiar events on judgments and decisions.
www.scienzesociali.ailun.it /so/docenti/gilovich.shtml   (1043 words)

  
 Amazon.ca: How We Know What Isn'T So: Books: Thomas Gilovich
However, the point is well taken because such courses should expose students to a minimum of statistics--such as the law of regression, which says that when two variables are partially related, extremes in one variable are matched, on average, by less extreme variables in the other.
(Children of tall parents are tall, but not as tall as their parents.) Gilovich attributes the general lack of appreciation of the law to ``the compelling nature of judgment by representation''--by which the predicted outcome should be as close to the data as possible: the son of a 6'5'' dad should be close to 6'5''.
Gilovich also points to other pitfalls in reasoning, such as failure to record negative outcomes (how many times do you dream of an old friend and not bump into him the next day?).
www.amazon.ca /How-We-Know-What-IsnT/dp/0029117062   (1610 words)

  
 Squash self-doubt, find your confidence - CNN.com
Thomas Gilovich, Ph.D., Victoria Husted Medvec, Ph.D., and Kenneth Savitsky, Ph.D., the psychologists who coined the term spotlight effect, also devised numerous ways to measure it.
In fact, Gilovich and Medvec have found in other studies that, in the long run, people most often regret the things they failed to try, rather than the things they bombed at.
I've been experimenting with this in many different circumstances: raising both my hands, instead of one, to ask a question of a lecturer I much admire; pausing twice as long for dramatic effect while telling a story to some friends; eating two servings of a fabulous dessert at a literary club luncheon.
cnn.com /2007/LIVING/personal/10/03/self.consciousness/index.html?imw=Y&iref=mpstoryemail   (1898 words)

  
 Nicholas Epley
Why the Adjustments Are Insufficient." Nicholas Epley and Thomas Gilovich; Psychological Science, 2006, 17(4), pp.
"Empathy Neglect: Reconciling the Spotlight Effect and the Correspondence Bias." Nicholas Epley, Kenneth Savitsky and Thomas Gilovich; Journal of Personality and Social Psychology, 2002, 83(2), pp.
Gilovich, D. Griffin and D. Kahneman, New York, NY: Cambridge University Press, 2002, pp.
www.lib.uchicago.edu /e/busecon/busfac/Epley.html   (624 words)

  
 clustering illusion
Their use of optional starting and stopping is based on the presumption of psychic variation and an apparent ignorance of the probabilities of random events.
A classic study was done on the clustering illusion regarding the belief in the "hot hand" in basketball (Gilovich, Vallone, and Tversky).
It is commonly believed by basketball players, coaches and fans that players have "hot streaks" and "cold streaks." A detailed analysis was done of the Philadelphia 76ers shooters during the 1980-81 season.
www.skepdic.com /clustering.html   (692 words)

  
 Third-person perspective is helpful in meeting goals
Gilovich and former graduate students Lisa K. Libby, Cornell Ph.D. '03 and an assistant professor of psychology at Ohio State University, and Richard Eibach, Cornell Ph.D. '03 and an assistant professor of psychology at Yale University, conducted a series of studies to examine the effects of memory perspective on perceiving personal change.
Gilovich points out, however, that a third-person perspective accentuates perceived changes when people seeking self-improvement are focused on differences between their present and past selves.
But when the volunteers were asked to focus on similarities from the past by visualizing a past event that was positive, such as something they were proud of, the third-person perspective tended to promote perceptions of continuity between the present self and a positive past self.
www.eurekalert.org /pub_releases/2005-04/cuns-tpi041405.php   (617 words)

  
 How We Know What Isn't So Paperback by Thomas Gilovich ISBN 0029117062   (Site not responding. Last check: )
Gilovich finishes the book by telling us that psychologists are best at understanding the world and are the most perceptive professionals out there, bar none.
There are several other books that people wanting to free their thinking from errors should read in addition to this one.
Gilovich's more recent book "Why Smart People Make Big Money Mistakes And How To Correct Them " is again excellent, and covers a lot of errors in everyday financial decision-making.
www.cheapesttextbooks.com /review-How-We-Know-What-Isn't-So-Thomas-Gilovich-0029117062.html   (1220 words)

  
 Heuristics and Biases : The Psychology of Intuitive Judgment - Thomas Gilovich Dale Griffin Daniel Kahneman   (Site not responding. Last check: )
Heuristics and Biases : The Psychology of Intuitive Judgment - Thomas Gilovich Dale Griffin Daniel Kahneman
Isbn: 0521796792 by Thomas Gilovich Dale Griffin Daniel Kahneman
Thomas Gioghegan - Antonio Vivaldi - Three Concerti from L estro Armonico OP 3 - 0786649704
www.isbnfinder.com /931691_thomas-gilovich-dale-griffin-daniel-kahneman_0521796792heuristicsandbiasesthepsychologyofintuitivejudgmentaudiobook.html   (100 words)

  
 No Regrets   (Site not responding. Last check: )
When the guy you've been dating turns out to be married (and in some remote corner of your mind you knew that), you're likely to experience regret as the "hot" emotions of anger, embarrassment, and irritation.
Gilovich also found that short-term regret is stronger for actions you took (you bought a fabulous pair of shoes that cost a week's salary) than for inactions (you passed up those great shoes and wore your old ones to your best friend's wedding).
Conversely, long-term regret is stronger for actions and opportunities that you passed up (that person you didn't date or the degree you never finished) than for actions you took.
www.prevention.com /article/0,5778,s1-1-192-73-4809-1---16-0,00.html   (676 words)

  
 Global-Investor Bookshop : How We Know What Isn't So - Fallibility of Human Reason in Everyday Life by Thomas Gilovich
Thomas Gilovich offers a guide to the fallacy of the obvious in everyday life.
In a rapidly changing world, the biases and stereotypes that help us process an overload of complex information inevitably distort what we would like to believe is reality.
Awareness of our propensity to make these systematic errors, Gilovich argues, is the first step to more effective analysis and action.
books.global-investor.com /books/22281.htm?ginPtrCode=00000&identifier=8631b4a6be0a30982292d3288c355c46   (284 words)

  
 TheStreet.com: Terrible Title Belies a Book's Bestseller Value
Personal finance and sports journalist Gary Belsky and Cornell University psychology professor Thomas Gilovich instead give a fascinating overview of behavioral economics, which uses the principles of psychology and economics to explain why we make irrational or illogical financial decisions.
In fact, we rely on a lot of mental shortcuts when we make economic decisions -- things like assuming that a long line at a restaurant means good food instead of poky service -- and not all of them are grounded in reality.
Belsky and Gilovich conclude with a list of practicable suggestions -- including raising your insurance deductible, switching to index funds from so-called "hot" investments, and paying off credit card debt with your emergency funds.
www.thestreet.com /comment/nightstand/753166.html   (479 words)

  
 Books: Gary Belsky, Thomas Gilovich - Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From ...   (Site not responding. Last check: )
Financial journalist Gary Belsky and Cornell University psychology professor Thomas Gilovich contend the answers can be found--and the deficiencies remedied--with help from a relatively new science called behavioral economics.
Still largely unknown outside academic circles, the field can be traced to research on the impact of rewards and punishments on human judgment and decision- making that first were undertaken at Jerusalem's Hebrew University some 30 years ago.
Copyright © 2005 AffirmWare Pty Ltd. All right reserved, Use of this data is pursuant to a user agreement with AffirmWare Pty Ltd. This data may not be reproduced or redistributed without written permission from the publisher.
www.new-ageshop.com /books-wealth-building_47.html   (563 words)

  
 Bibliochat: Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of ...
Financial journalist Gary Belsky and Cornell University psychology professor Thomas Gilovich contend the answers can be found--and the deficiencies remedied--with help from a relatively new science called behavioral economics.
Belsky and Gilovich is an ability to teach my grandchildren (and children, if they will listen) some financial fundamentals which will also allow them to accumulate wealth.
My oldest granddaughter who is 23 is well on her way, not only saving in a Roth IRA and 401(k) plan, but also understanding some basic principals, such as saving small amounts and the power of compounding.
www.bibliochat.com /title/LE5UW0K0R1DNEND   (1130 words)

  
 Risk: Book Reviews and Essays by Title
Thomas Gilovich, How We Know What Isn't So: The Fallibility of Reason in Everyday Life --- Thomas G. Field, Jr......
The Liability Maze: The Impact of Liability Law on Safety and Innovation (P. Huber & R. Litan eds.) --- Thomas G. Field, Jr......
Thomas Szasz, Our Right to Drugs: The Case for a Free Market --- Jennifer L. Frizzell.....
www.piercelaw.edu /RISK/RiskRevs.htm   (1706 words)

  
 Thomas Gilovich Books (Used, New, Out-of-Print) - Alibris
Gilovich illustrates his points with vivid examples and supports them with the latest research findings in a wise and readable guide to the fallacy of the obvious in everyday life.
Thomas Gilovich offers a wise and readable guide to the fallacy of the obvious in everyday life.
Illustrating his points with vivid examples, he documents the cognitive and social processes that distort our thoughts, beliefs, judgements, and decisions, inevitably altering our...
www.alibris.com /search/books/author/Gilovich,%20Thomas   (347 words)

  
 Why bad hair days may not matter - Mental Health Disorders on MedicineNet.com
CornellUniversity psychologist Thomas Gilovich, Ph.D., sent students into a room where other undergrads were filling out a questionnaire.
After the brief encounter Gilovich asked the dubiously dressed students if they thought their classmates had noticed their attire.
While this experiment might seem like a professor's fashion faux pas, it demonstrates what Gilovich calls the "spotlight effect": our tendency to overestimate how often people notice not only how we look but also what we do.
www.medicinenet.com /script/main/art.asp?articlekey=35412   (343 words)

  
 Become a Speaker   (Site not responding. Last check: )
Research Psychologist and author Dr. Thomas Gilovich, is creating excitement throughout the financial services industry with his newest book Why Smart People Make Big Money Mistakes.
Gilovich provides fascinating insight into all manner of occurrences to explain behavioral economics in a way that is as entertaining as it is informative.
One of the leading experts in the burgeoning new area of research of behavioral economics, he offers dozens of insights that will help your client overcome the blind spots that cloud their financial judgement and allow them to enjoy greater financial freedom.
www.financialspeakers.com /speakers/bios/Gilovich_Thomas.htm   (152 words)

  
 FabTime Book Reviews: How We Know What Isn’t So by Thomas Gilovich
Gilovich argues that no, if we look at more games, we’ll spend a lot of time watching basketball (which might be enjoyable), but we won’t prove the presence of streaks.
He covers sports, but also a host of other areas in everyday life where the things that we know turn out to not be so.
Gilovich’s book provides useful insight into how easily we are fooled.
www.fabtime.com /howweknow.shtml   (994 words)

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