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In this episode of the Behavioral Design Podcast, we delve into the world of AI recommender systems with special guest Carey Morewedge, a leading expert in behavioral science and AI. The discussion covers the fundamental mechanics behind AI recommendation systems, including content-based filtering, collaborative filtering, and hybrid models. Carey explains how platforms like Netflix, Twitter, and TikTok use implicit data to make predictions about user preferences, and how these systems often prioritize short-term engagement over long-term satisfaction. The episode also touches on ethical concerns, such as the gap between revealed and normative preferences, and the risks of relying too much on algorithms without considering the full context of human behavior. Join co-hosts Aline Holzwarth and Samuel Salzer as they together with Carey explore the delicate balance between human preferences and algorithmic influence. This episode is a must-listen for anyone interested in understanding the complexities of AI-driven recommendations! -- LINKS: Carey Morewedge: Google Scholar Profile Carey Morewedge - LinkedIn Boston University Faculty Page Personal Website Understanding AI Recommender Systems: How Netflix's Recommendation System Works Implicit Feedback for Recommender Systems (Research Paper) Why People Don't Trust Algorithms (Harvard Business Review) Nuance Behavior Website -- TIMESTAMPS: 00:00 The 'Do But Not Recommend' Game 07:53 The Complexity of Recommender Systems 08:58 Types of Recommender Systems 12:08 Introducing Carey Morewedge 14:13 Understanding Decision Making in AI 17:00 Challenges in AI Recommendations 32:13 Long-Term Impact on User Behavior 33:00 Understanding User Preferences 35:03 Challenges with A/B Testing 40:06 Algorithm Aversion 46:51 Quickfire Round: To AI or Not to AI 52:55 The Future of AI and Human Relationships -- Interesting in collaborating with Nuance? If you'd like to become one of our special projects, email us at hello@nuancebehavior.com or book a call directly on our website: nuancebehavior.com. Support the podcast by joining Habit Weekly Pro
Over the years, Choiceology has offered a lot of advice for making better decisions. In this special episode of Choiceology with Katy Milkman, we bring you the story of a video game that is surprisingly effective at reducing decision errors, and you'll hear about a practical checklist for improving choices in many different contexts.Solving fictitious mysteries might sound like fun and games, but the video game MISSING: The Pursuit of Terry Hughes was designed with a serious purpose in mind: to help intelligence analysts avoid decision-making traps. In 2015, James Korris and Carey Morewedge worked together to design a video game for the intelligence agency IARPA, the Intelligence Advanced Research Projects Activity, and measured the biases exhibited before and after playing the series of 90-minute games. The results were remarkable and extremely durable.James Korris is president and CEO of Creative Technologies Inc. in Los Angeles, and is a pioneer in immersive game-based simulation for military learning. You can see a preview of the game James designed titled MISSING: The Pursuit of Terry Hughes.Next, Katy speaks with Carey Morewedge about the game and about his research on effective decision-debiasing techniques. You can learn more in the paper Carey co-authored with James titled "Debiasing Decisions: Improved Decision Making With a Single Training Intervention."Carey Morewedge is a professor of marketing at Boston University Questrom School of Business who studies psychological biases and how to reduce them. Finally, Katy speaks with Jack Soll to hear his checklist of four simple ways to debias yourself before making decisions, big or small. You can read more in the article Jack and Katy co-authored with John Payne titled "Outsmart Your Own Biases." Jack Soll is the Gregory Mario & Jeremy Mario Distinguished Professor of Management and Organizations at Duke University's Fuqua School of Business. Choiceology is an original podcast from Charles Schwab. For more on the show, visit schwab.com/Choiceology.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.Data contained herein from third party providers is obtained from what are considered reliable source. However, its accuracy, completeness or reliability cannot be guaranteed and Charles Schwab & Co. expressly disclaims any liability, including incidental or consequential damages, arising from errors or omissions in this publication. All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk including loss of principal.The book How to Change: The Science of Getting from Where You Are to Where You Want to Be is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the book and makes no representations about its content.Apple, the Apple logo, iPad, iPhone, and Apple Podcasts are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.Spotify and the Spotify logo are registered trademarks of Spotify AB.(0524-2GW1)
This week Shane talks about bias with Professor of Marketing and Everett W. Lord Distinguished Faculty Scholar at Boston University, Carey Morewedge. What is the "Bias Blind Spot" and can we be de-biased? Charity Of The Week - Doctors Without Borders https://www.doctorswithoutborders.org/ Please visit our sponsors: The Great Courses www.thegreatcoursesplus.com/hereweare Libro.fm is the first audiobook company to make it possible for you to buy audiobooks directly through your local bookstore. Offer code: hereweare for 3 months for the price of one. https://libro.fm/redeem/HEREWEARE Learn more about your ad choices. Visit megaphone.fm/adchoices
This week Shane talks about bias with Professor of Marketing and Everett W. Lord Distinguished Faculty Scholar at Boston University, Carey Morewedge. What is the "Bias Blind Spot" and can we be de-biased? Charity Of The Week - Doctors Without Borders https://www.doctorswithoutborders.org/ Please visit our sponsors: The Great Courses www.thegreatcoursesplus.com/hereweare Libro.fm is the first audiobook company to make it possible for you to buy audiobooks directly through your local bookstore. Offer code: hereweare for 3 months for the price of one. https://libro.fm/redeem/HEREWEARE Learn more about your ad choices. Visit megaphone.fm/adchoices
In Episode Three of Season Three we are joined by Dr. Carey Morewedge from the Questrom School of Business at Boston University to chat about bias in decision making. Carey shares with us how biases, such as anchoring or confirmation bias, contribute to decision making and what can be done to mitigate these biases. What happens when biases effect our decision making? Can we be trained to be less susceptible to bias? If so, how long can the effects of debiasing training interventions last for? All this and much more in Debiasing Training with Dr. Carey Morewedge!
Have you ever taken an IQ test? Think about the results. Did you do well? You might have gotten a high score, but, often, intelligence doesn’t have anything to do with rationality. There is a marked difference between the two, although we often conflate them. We talk with York University associate professor Maggie Toplak and Boston University professor Carey Morewedge about why even smart people do irrational things.
Have you ever taken an IQ test? Think about the results. Did you do well? You might have gotten a high score, but, often, intelligence doesn’t have anything to do with rationality. There is a marked difference between the two, although we often conflate them. We talk with York University associate professor Maggie Toplak and Boston University professor Carey Morewedge about why even smart people do irrational things.
Imagine you’ve just been through a major life event: The birth of a child. A major award. The loss of a job. A divorce. Now picture yourself 10 years in the future and try to imagine how that event affected your overall well-being. Research shows that—more often than not—your predictions will miss the mark. Why is that? On this episode of Choiceology with Dan Heath, we examine a bias that influences the way you believe you’ll feel in the future. The show begins with a quick survey based on the work of psychologists Daniel Gilbert and Timothy Wilson. The survey demonstrates—in a surprising way—our tendency to misjudge the importance of future events. From there we raise the stakes with two very dramatic stories from the opposite ends of human emotional experience. Diann Roffe describes the elation she felt after a stunning athletic achievement, and Scott Fedor shares the harrowing story of a life-altering injury. And while these events were totally different, you may be surprised to learn how they affected Scott and Diann’s lives over the long run. Boston University professor Carey Morewedge explains how this bias works and offers suggestions to help you re-examine your greatest hopes and fears. Find out how to reduce the influence of this bias in your financial decisions in an article called “Can You Really Know Your Future Self?” Choiceology is an original podcast from Charles Schwab. For more on the series, visit schwab.com/podcast. If you enjoy the show, please leave a ⭐⭐⭐⭐⭐ rating or review on Apple Podcasts. (0219-9PLX)