When all is at stake: understanding advocacy

When injustice is at stake, moral judgements are not parochial.

What Is at Stake When Determining Lifetime Asset Allocation?**

This paper examines the effects of deviating from the optimal life-cycle asset allocation. The magnitude of likely deviations is gauged through an analysis of differences between available life-cycle funds. The motivation is that due to search costs, the complexity of the decision problem and other factors, an investor may choose a fund with asset allocation profile A even though profile B woul...

Naïve Advice When Half-a-Million Is at Stake

In the television show Affari Tuoi contestants face decision problems with large monetary payoffs and have an opportunity to seek advice from the audience. It appears that this advice does not have a significant impact on the decisions of contestants.

Oxytocin not only increases trust when money is at stake, but also when confidential information is in the balance.

Past studies have suggested that the neuropeptide oxytocin (OT) could play a crucial role in human trusting behavior. Specifically, people on OT would be more willing to entrust someone with their money than would people on a placebo. Because alternative explanations-which do not involve trust-exist for these studies' findings, the present study aimed to rule out confounds and test how OT influ...

The human orbitofrontal cortex monitors outcomes even when no reward is at stake.

The orbitofrontal cortex (OFC) processes the occurrence or omission of anticipated rewards, but clinical evidence suggests that it might serve as a generic outcome monitoring system, independent of tangible reward. In this positron emission tomography (PET) study, normal human subjects performed a series of tasks in which they simply had to predict behind which one of two colored rectangles a d...