How people make Decisions in an era of too much information and fake news.
Humans originally evolved in a world of few choices.
Finally, they show that Decisions can be ranked according to transparency of choice and social influence..
The authors look at the New England Patriots\' decision in 2000 to draft an underachieving college quarterback named Tom Brady; they consider Warren Buffett\'s investment strategy; and they chart the "dancing landscape" of a college applicant\'s decision-making environment.
It seems that no matter how Small or innocuous a decision might seem, there\'s almost no way to guess the effect it might have.
Economists have largely discarded the idea that agents act rationally and the market follows suit.
Prehistoric, preindustrial, and predigital eras required fewer Decisions than today\'s all-access, always-on world of too much information.
How people make Decisions in an era of too much information and fake news.
Humans originally evolved in a world of few choices