Ambiguity Aversion

Ambiguity Aversion

Imagine facing two boxes, each containing 100 balls. In Box A, you know there are 50 red balls and 50 black balls. In Box B, however, the distribution of red and black balls remains unknown. Your task is to draw a specific colored ball without looking. If successful,...
In-Group Out-Group Bias

In-Group Out-Group Bias

When Rolf was a child, a typical wintry Sunday looked like this: his family sat in front of the TV watching a ski race. His parents cheered for the Swiss skiers and wanted him to do the same. He didn’t understand the fuss. First, why zoom down a mountain on two...
Falsification of History

Falsification of History

Winston Smith’s role in 1984 might seem like a monotonous office job, but it is one of the most critical functions in maintaining the Party’s control over Oceania. In the Ministry of Truth, Winston is tasked with rewriting historical records to align with the...
False-Consensus Effect

False-Consensus Effect

Have you ever assumed that everyone shares your taste in music? Whether you’re a fan of the groovy sounds of the 1960s or the electric beats of the 1980s, it’s easy to assume that your preferences are universally shared. This tendency to project our...
Domain Dependence

Domain Dependence

Writing about clear thinking often offers unexpected rewards. Business leaders and investors, eager to learn from new insights, invite Rolf to deliver talks, often for considerable compensation. But here’s an interesting paradox: books, which are far more affordable,...