Are three fines effective in changing behavior?

Singapore is an interesting place. Inside a subway train and outside a subway station, you find how much you should pay fine when behaving inappropriate. You should pay S$500 if you eat or drink inside the car, you pay S$1000 if you smoke, and you pay S$5000 If you play with flammable goods. Then, what happens if you…

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Preference reversal of environmental friendly product

“Preference Reversal of Environmental Friendly Product,” Presented at the HSBC Business School, Peking University, ShenZhen: China, October 30, 2013. Do consumers like the environmental friendly products they buy? My colleague, Bohee, and I borrow the literature from the Behavioral Decision Theory and argue this is not always the case; consumers often choose the green product…

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What is the right choice for museum curators?

While I stayed in Boston for the conference, I visited Museum of Fine Arts (MFA), Boston and met an intriguing decision-making question. I took a picture of a panel titled Making Choices which says, Every gallery represents a long series of choices. Who decides which works go on view and how they should be arranged? What factors go into making that…

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