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A brain-scanning study of people making financial choices suggests that when given expert advice, the decision-making parts of our brains often shut down.
The problem with this, of course, is that the advice may not be good.
"When the expert's advice made the least sense, that's where we could see the behavioral effect," said study co-author Greg Berns, an Emory University neuroscientist. "It's as if people weren't using their own internal value mechanisms."
Berns' specialty is neuroeconomics, a once-obscure field of research that's received heightened attention since the global economic slowdown left people at a loss to explain how the market's invisible hand picked their pockets.
Originally posted by mystiq
Now, did they provide ideas for ways to counter this biological mechanism? It would be very useful for us to find excercises and ways to increase our critical thinking on a daily basis.
A brain-scanning study of people making financial choices suggests that when given expert advice, the decision-making parts of our brains often shut down.
Originally posted by Cameoii
My brother came to me for help with a paper he had to write his freshman year. The subject of the paper was "Critical Thinking". Not only had he managed to graduate high school without ever hearing the phrase, but he was honestly confused by the critical thinking process. In his opinion, a sound decision could be made by reading a book or listening to an expert speak first. He had never thought that his book/expert may be biased in any way!
From a 1906 letter to John D. Rockefeller supposedly from one of his General Education Board appointees:
"In our dreams, people yield themselves with perfect docility to our molding hands. The present education conventions of intellectual and character education fade from their minds, and, unhampered by tradition, we work our own good will upon a grateful and responsive folk. We shall not try to make these people, or any of their children, into philosophers, or men of science. We have not to raise up from them authors, educators, poets or men of letters. We shall not search for great artists, painters, musicians nor lawyers, doctors, preachers, politicians, statesmen – of whom we have an ample supply. The task is simple. We will organize children and teach them in a perfect way the things their fathers and mothers are doing in an imperfect way.”
One day in 1968, Jane Elliott, a teacher in a small, all-white Iowa town, divided her third-grade class into blue-eyed and brown-eyed groups and gave them a daring lesson in discrimination. This is the story of that lesson, its lasting impact on the children, and its enduring power thirty years later.
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