Word: pick
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...banks and the automakers. Will we look back in 10 years and wish we had bought them now? Viewing them as stock groups, I think we will. But that's an important distinction - in both cases, if you buy an individual automaker or an individual bank, you could pick the wrong one and it could be liquidated. But if you talk about the industry group, the answer is yes, especially for the banks...
...Tversky and Kahneman discuss an experiment in which subjects were asked to estimate the percentage of African countries represented in the U.N. Before they guessed, a researcher spun a wheel of fortune in front of them that landed on a random number between 0 and 100. People tended to pick an answer that wasn't far from the number on the wheel, even though the wheel had nothing to do with African countries...
...mistake - that is, making a decision based largely on an unrelated piece of information, like a random number that appears on a wheel. Anchoring occurs all the time, like when you're asked to look at your Social Security number before answering a question (you're more likely to pick an answer close to the digits in your SSN). A team of researchers even showed in a 2003 paper in the Quarterly Journal of Economics that people will endure more physical discomfort (exposure to an unpleasant noise) for less monetary compensation in a lab setting when they are anchored prior...
...acknowledges that the sudden reduction of 750 calories in his study was perhaps too steep. "I think what that teaches us is that maybe it's better to make a more gradual change in intake," says Sacks. "That's what I recommend to my patients: let's try to pick a gradual or realistic reduction in calories that's not going to make you really hungry a lot and that you can sustain day after...
...more amusingly, the newly christened Harvard Undergraduate Television's original pick may have been scuttled by Associate Dean Judith H. Kidd's Office of Student Activities, or so suggests an e-mail from the group's fearless leader Derek Flanzraich...