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RYE BROOK, N.Y., March 8, 2021 /PRNewswire/ A new survey of more than 6,500 U.S. blood cancer patients and survivors reveals that only half are very likely to get a COVID-19 vaccine while one in three is either unlikely or unsure about it. The nationwide survey was a collaboration between The Leukemia & Lymphoma Society (LLS), Boston University Questrom School of Business and The Behaviouralist, a London-based research consultancy.
The results come despite the serious risks facing blood cancer patients. Some early
studies suggest around half of blood cancer patients hospitalized with COVID-19 will die from the disease.
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IMAGE: New research finds first evidence that watching and learning from others can help reduce bias and improve decision-making. In business, the results could help improve hiring practices or increase. view more
Credit: Indiana University
New research from the Indiana University Kelley School of Business shows first evidence that watching and learning from others can help reduce bias and improve decision-making.
Organizational Behavior and Human Decision Processes, used a computer game designed to decrease bias to see if people who watched others play the game could in turn reduce their own bias. Through three experiments, researchers found that watching others solve bias-related problems helped the observers learn about decision biases and improve on their own. Their study showed this observational learning reduced decision biases such as anchoring - or, relying too much on an original bit of information and also improved how the observers take advice.
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Research from the Business School (formerly Cass) suggests that observing others decision-making can teach people to make better decisions themselves.
The research, co-authored by Professor Irene Scopelliti, Professor of Marketing and Behavioural Science, tested the effectiveness of a new debiasing training strategy and reports first evidence that watching others make decisions can improve our own decision making.
The authors carried out three experiments, which involved participants making a set of judgements before and after a training intervention designed to improve their decision-making.
Experiment One: comparing observational learning to other common debiasing strategies
The first experiment compared observational learning to three other interventions known to reduce cognitive bias. Researchers tested participants susceptibility to common decision-making biases across three scales, with participants receiving one of four debiasing interventions before repeating
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Is that a sigh of relief we heard from MBA aspirants? Several top-ranked schools in the US have waived the hitherto mandatory GMAT/GRE scores for admission into graduate programs.
At least sixty-four schools among the top one hundred have made the tests optional while pushing for the test waiver. Admission officials have assured aspirants that the call to waive admission tests does not reduce the standard of admission. Admission procedures now include gauging the candidates’ confidence levels and academic acumen to take the program.
Soojin Kwon, managing director of full time MBA admissions and program at the University of Michigan’s Ross School of Business says that rather than ignore the aspirant’s analytical and quantitative skills, they would look for prospective students who not just survive the degree’s rigors but prosper in their programs.