The Decision Education Podcast
Episode 005: Sharing is Caring: Moods, Cooperation, and Fairness with Dr. Barbara Mellers
Mar 10, 2021
Dr. Barbara Mellers discusses mood's impact on cooperation, conflicts between desires and fairness, and the difference between how we should and actually make decisions. Topics include fairness perceptions, autonomy, and income inequality in decision-making, mood's influence on cooperative behaviors, response mode effects on preferences, improving decision-making through normative models, biases like overconfidence, and the value of nurturing diverse interests.
26:27
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Quick takeaways
- Judgment involves evaluating single entities, while decision-making requires choosing between options.
- Positive moods can influence decision-making, leading to more cooperative behaviors in game settings.
Deep dives
Behavioral Decision Making and Fairness Perception
Dr. Barbara Millers, an expert in behavioral decision making, discusses the connection between judgment and decision making. She explains that judgment involves evaluating single entities, while decision making requires choosing between at least two options. Dr. Millers' research delves into fairness perception, particularly in situations involving resource distribution and economic games. She highlights a study on perceptions of fairness linked to income inequality and autonomy, revealing that those feeling more autonomous tend to perceive less inequality.
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