Nick Chater, Professor of Behavioural Science, reveals his research into the randomness and unpredictability of our behaviour and why it's necessary.
Decision-making and Analytics
We have the largest Decision-making and Analytics group in Europe with the subject a growing area of influence with businesses and policymakers around the world.
Decision-making and Analytics brings together many disciplines such as psychology, economics and biology, to study human behaviour and decision making. Its insights have led to ‘nudges’ being developed for many different contexts from tax collecting to reducing alcohol consumption to help people improve their thinking and decisions.
The success of these interventions has led to governments across the world creating their own ‘nudge units’, such as the UK’s Behavioural Insights Team, which we often partner and work with.
Our Decision-making and Analytics group produces and disseminates cutting edge research and advises managers and policymakers about how to induce behavioural changes for better organisations and societies.
‘Things aren’t what they used to be’ because we are suffering from psychological biases, according to Nick Chater.
Analysis of 2,800 investors found that not only did the female investors outperform the FTSE 100 over the last three years but they also outshone their male counterparts.
Research has found people's memory is significantly worse in parts of England with high levels of nitrogen dioxide (NO2) and air particulates (PM10).
A study by Warwick Medical School and Warwick Business School found paying patients could raise adherence to prescriptions as high as 94 per cent.
Professor Nick Chater reveals how cognitive bias can trap business leaders facing unfamiliar decisions.
Racial bias in police stop and search operations is not limited to decisions made by individual officers. Neil Stewart explores the scale and causes of the problem.
Buying luxury goods is an addictive status symbol that Naomi Muggleton finds is exacerbated by inequality and social anxiety.
Professor Nick Chater, from WBS, received The David E. Rumelhart Prize for his contribution to cognitive science spanning more than 30 years.