Click to read "Three-year decision-making collaboration results in 85 publications, and more" (ChronicleOnline):
By Susan Kelley
Three years ago, Valerie Hans, professor of law, applied to participate in a Cornell project that would bring together social scientists working on how people make decisions. Her goal was to better understand how juries make decisions about damage awards -- an area that lacked a theoretical framework. "But it succeeded beyond my wildest dreams," Hans said.
That's just one success story coming out Cornell's Institute for the Social Sciences' 2009-12 theme project "Judgment, Decision Making and Social Behavior." A dozen professors spanning economics, psychology, government, law, policy analysis and management, human development, and business shared office space and met weekly to advance research on decision-making.
Hans and Valerie Reyna, professor of human development and of psychology, for example, applied Reyna's model of general decision-making to how juries decide to award damages. "I've presented it to legal audiences, and there's a lot of interest in it," Hans said. "To have a theoretical model that's enriched by the kinds of new knowledge about economics and psychology that we were able to learn from our colleagues in the group was really fantastic." The pair has also co-written a scholarly article and applied to Cornell for a small grant to test the model, she added.
Research by economists and psychologists on how people make decisions is an area that has exploded with scholarly work in recent years, but Cornell is one of the few universities where top-flight economists and psychologists are talking to each other about such research, ... .
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