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Sunday, October 12, 2008
Jackie Gingrich Cushman :: Townhall.com Columnist
The Irrationality of Rational Theory
by Jackie Gingrich Cushman
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As children most of us learn to bide our time when asking approval or permission.  We take note of the temperature of the emotions in our home and pay attention to the little signals to ensure that we ask at the time when the probability of getting what we want is the highest.  In addition, we might have even learned to use our very best manners, which in the south include “yes ma’am” and “no ma’am,” “please” and possible even “pretty please” if the request is large.  While the question asked might be the same, I have found that the response rate varies based on the presentation and timing of the question.

As a mother, I have recently noticed this same skill being used with me by my children.  I have noticed that my gratitude for their use of good manners actually does sway me towards saying yes a bit more often.  But is this rational?

“Let’s be rational,” we have all heard or said before.  Rational, according to Webster’s on-line dictionary, is “having reason or understanding.”  We expect people to be able to sift through emotions and facts and make decisions based on those facts rather than emotions.  But a study shows that, just possibly, we are giving too much credence to our brain and too little understanding to our emotions.

In their study, “Blinded by Anger or Feeling the Love,” Francesca Gino and Maurice Schweitzer “demonstrate that emotional states influence how receptive people are to advice.”  Even when the advice and advisors are identical, the findings note that, “people who feel incidental gratitude are more trusting and more receptive to advice than are people who feel incidental anger.”

The authors cite prior research that reinforces the importance and reliance on “known experts,” as well as the advice being received in a complicated area.  These are both examples of rational reliance on advice.  If advice is received from an “expert” or if the area of the decision is very complicated, it makes “rational” sense that the advice would be heeded.  This study moves from rational to emotional influence.

Specifically tested is the influence of incidental emotions, i.e., emotions that are not part of the decision at hand, but incidental to it.  Two experiments were conducted.  The first included 109 Carnegie Mellon University undergraduate students, about half of them male and half female. They were each shown one of three video clips -- an angry video clip (from My Bodyguard), a clip of a scene of gratitude (from Awakening), and a neutral clip (from a National Geographic special).  After viewing the clip, they were asked to estimate the weight of a person in a picture and provided with advice on the answer from a supposed prior participant. 

The results?  People experiencing incidental gratitude weighed advice more heavily than did people who were in a neutral state.  People experiencing incidental anger weighed advice less than did those in the neutral state.  The better the subject felt, the more the subject was receptive to advice.

In what may surprise those who believe women rely on emotion more than men, this study found no differences in outcome based on gender or occupational status. Continued...

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About The Author
Jackie Cushman is a freelance writer who lives in Atlanta, Georgia. Her column also runs later in the week in the Northside Neighbor.
 
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45caliber - If you're a defense attorney
--
...and your client is accused of a non-violent "victemless" crime (a drug offense, tax evasion, BATFE firearms charges, and the like), your voire dire should include a question designed to determine if a venireman knows what the initials "FIJA" stand for.

That's one you definitely want empaneled.





=====
"[Y]ou can help ... to return this country to the rule of law by remembering your 1000-year-old right and duty, when called upon to be a juror, to judge the law, as well as the facts of the case or the instructions of the judge. If it doesn't match your understanding of the Bill of Rights, the law must be discarded."

-- Aaron Zelman, L. Neil Smith; *Hope* (2001)

Game Theory


The problem is not "Rational Choice Theory" itself. Rather it's the unscientific method by which come "Rational Choice Theorist," hold classical economic theory priori as truth. Assumptions which when put to the test, fail on empirical grounds.

Humans make rational decision, but as Dan Ariel, points out in Predictably Irrational, humans perceive value, for an example, not as a fixed quantity but rather as a relative quantity.

ie, you might travel five miles to save $15 on a $18 pen, but you wouldn't travel five miles to save $15 on a $1000 suite.

when I look at the last year, and the last few weeks. I don't see irrationality taking hold of markets... I see individuals making rational decision constrained by everyone else's derision.

in other words... what we are seeing in the market is game theory in effect.

Another way of looking at credit markets seeing up is to think of the
Nash equilibrium. Only by getting all the players together, and reaching a mutually beneficial outcome, can you break the deadlock.

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