Previous research has shown that people exhibit a sample size bias when judging the average of a set of stimuli on a single dimension. The more stimuli there are in the set, the greater people judge the average to be. This effect has been demonstrated reliably for judgments of the average likelihood that groups of people will experience negative, positive, and neutral events (Price, 2001; Price...

This paper investigates the effect of social ties between acquirers and targets on merger performance. Using data on educational background and past employment, we construct a measure of the extent of cross-firm social connection between directors and senior executives at the acquiring and the target firms. We find that between-firm social ties have a significantly negative effect on the abnorm...

The study investigated the effects of perceptual load on the bias to report seeing non-existing events—a bias associated with positive symptoms of schizophrenia and positive schizotypal symptoms. Undergraduate students completed psychometric measures of schizotypy and were asked to detect fast moving words among non-words under different levels of perceptual load. Perceptual load was manipulate...

We recorded brain activity when 21 subjects judged the beauty (aesthetic or affective judgment) and brightness (perceptual or cognitive judgment) of simultaneously presented paintings. Aesthetic judgments engaged medial and lateral subdivisions of the orbitofrontal cortex as well as subcortical stations associated with affective motor planning (globus pallidus, putamen-claustrum, amygdala, and ...