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"You don't get mistakes this big based on stupidity alone, " says George Loewenstein of Carnegie Mellon University.
FORBES: Psychology
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With a series of field and lab experiments, John, Alessandro Acquisti, and George Loewenstein shed some light on the discrepancy.
FORBES: Why We Blab Our Intimate Secrets on Facebook
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"It helps explain why people have such bizarre attitudes toward money, " says George Loewenstein, an economist at Carnegie Mellon University.
FORBES: This Is Your Brain On Money
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He teamed up with Carnegie Mellon economist George Loewenstein and others to test 87 residents of a poor village in India on a variety of tasks involving memory, fine motor skills and creativity.
FORBES: Magazine Article
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George Loewenstein, a professor of economics and psychology at Carnegie Mellon University, says there's "probably something like that going on with the election, where people are kind of afraid to make investment decisions"--even though the outcome probably wouldn't have significantly altered those decisions anyway.
FORBES: Election 2008