When it comes to learning, what’s better: The carrot or the stick?

Does the potential to win or lose money influence the confidence one has in one’s own decisions? Researchers investigated confidence bias in a learning context through a system of monetary punishment and reward. They demonstrated that we become more confident in our choices when learning to seek rewards. However, this confidence evolves into over-confidence. Moreover, the monetary gains makes us less flexible, while the fear of losing money preserves our ability to adapt.

About admin

Now Dr. Jack Straw is in charge of the website, and organizes it so that medical care is available to everyone. In addition, he is an active member of the medical community, regularly attending international conferences and sharing his experience and knowledge. Dr. Straw is not only a medical professional and website manager, but also a loving husband and father of his beautiful children.
View all posts by admin →

Leave a Reply

Your email address will not be published. Required fields are marked *