Tag Archives | Risk

Red Brain, Blue Brain: Republicans and Democrats Process Risk Differently

Both of the major U.S. political parties may suck scum, but they are not the same.  Via ScienceDaily:

A team of political scientists and neuroscientists has shown that liberals and conservatives use different parts of the brain when they make risky decisions, and these regions can be used to predict which political party a person prefers. The new study suggests that while genetics or parental influence may play a significant role, being a Republican or Democrat changes how the brain functions.

Dr. Darren Schreiber, a researcher in neuropolitics at the University of Exeter, has been working in collaboration with colleagues at the University of California, San Diego on research that explores the differences in the way the brain functions in American liberals and conservatives. The findings are published Feb. 13 in the journal PLOS ONE.

In a prior experiment, participants had their brain activity measured as they played a simple gambling game.

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Evolution of Narcissism: Why We’re Overconfident and Why It Works

David Vs Goliath

David and Goliath, Osmar Schindler (c. 1888)

Christine Dell’Amore writes in National Geographic:

For years, psychologists have observed that people routinely overestimate their abilities, said study leader Dominic Johnson, an evolutionary biologist at the University of Edinburgh in Scotland.

Some experts have suggested that overconfidence can be a good thing, perhaps by boosting ambition, resolve, and other traits, creating self-fulfilling prophecies.

But positive self-delusion can also lead to faulty assessments, unrealistic expectations, and hazardous decisions, according to the study — making it a mystery why overconfidence remains a key human trait despite thousands of years of natural selection, which typically weeds out harmful traits over generations.

Now, new computer simulations show that a false sense of optimism, whether when deciding to go to war or investing in a new stock, can often improve your chances of winning.

“There hasn’t been a good explanation for why we are overconfident, and this new model offers a kind of evolutionary logic for that,” Johnson said.

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