Illusion Of Control
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The Illusion Of Control
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Author : Wolfgang Linden
language : en
Publisher: Rowman & Littlefield
Release Date : 2024-07-16
The Illusion Of Control written by Wolfgang Linden and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-16 with Psychology categories.
"Recommended for readers interested in gaining tools to improve their behavior and the tendency to want control of everything and everyone.” -Library Journal Describes how people grossly overestimate the power they have over others while simultaneously missing opportunities to enjoy and use the power they have over themselves. Based on scientific evidence (and lots of real-life experience), The Illusion of Control: A Practical Guide to Avoid Futile Struggles makes a well-justified case that people grossly overestimate how much power they have over others and simultaneously miss out on opportunities to enjoy and exploit the power they have over themselves. Readers learn how to reduce stress and improve quality of life by giving up ineffective habits and attempts at controlling the uncontrollable. The book intentionally begins by challenging readers to analyze where and when they are objectively not in control and how much failed control costs. In a second block of chapters, broad strategies are suggested in order to bring about change, and multiple psychological theories are offered as tools for gaining control. Next, these tools are applied to changes within the individual to target sleep, drug use, weight control, and negative mood states. Finally, applications will demonstrate how to gain partial control (but still less than they wish) with respect to strangers, children, spouses, friends, workplaces, and broad political questions.
The Illusion Of Control
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Author : Jerry Shults
language : en
Publisher:
Release Date : 2009-02-01
The Illusion Of Control written by Jerry Shults and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-01 with Business & Economics categories.
The Illusion Of Control
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Author : Anastasia Ejova
language : en
Publisher:
Release Date : 2013
The Illusion Of Control written by Anastasia Ejova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Control (Psychology) categories.
The illusion of control refers to the overestimation of the probability of a win following a personal action in a gambling game. This thesis identifies gaps in the body of literature on factors influencing the illusion, uses a theoretically motivated methodology to address them, and tests the theory underlying the methodology. The thesis consists of a literature review and three papers. The review focuses on factors found to influence the illusion - factors such as the number of response options available in the gambling task, the degree of need for money, the average frequency of successes/wins in a sequence of rounds, and success-slope (i.e., whether wins are concentrated at the beginning or end of the sequence). The review draws attention to problems with the way the illusion of control has been measured in studies of success-frequency and success-slope. This observation, in turn, raises questions as to whether success-frequency and success-slope are, indeed, factors that influence the illusion. The review goes on to discuss the psychological processes underlying the effects of various influencing factors. Two relatively unexplored arguments are advanced. The first is that people in gambling tasks engage in problem-solving. Problem-solving involves searching for actions that bring about the desired outcome, which, in gambling settings, is a substantial monetary win. The greater the number of available response options and the need for money, the more likely the player is to still be searching for effective actions at the time that her perceived control is measured. Such a player is, in turn, less likely to report having 'no control' over the task. A second and related argument is that the actions people consider during problem-solving are influenced by their beliefs about the task at hand. In gambling, beliefs in the gambler's fallacy (Oskarsson et al., 2009) and beliefs about supernatural agents such as luck and God (Atran & Norenzayan, 2004) are particularly relevant. In line with terminology used by Rothbaum, Weisz and Snyder (1982), it is proposed that the illusion of control has two variants, primary and secondary, influenced by the gambler's fallacy and beliefs in supernatural agents respectively. The first two papers describe re-examinations of the effects of success-frequency (N = 97) and success-slope (N = 334) using a methodology consistent with the above explanation. Like most studies of these two factors, the experiments involved a gambling session under a particular success-frequency or success-slope condition, followed by a post-experimental questionnaire about the degree of perceived control over task outcomes. The novel aspects of the methodology included, for example, the separate measurement of the illusion's two variants. Success-frequency was found not to influence the illusion of control when it was measured in this way, while the influence of success-slope was confirmed, in that an 'ascending slope' (a concentration of wins at the end of the sequence) was found to be associated with higher illusory primary control. The finding regarding success-slopes suggests that people expected to learn the correct way of playing through trial-and-error, which is consistent with the above argument that people engage in problem-solving when gambling. The third paper describes a confirmatory factor analysis of a survey about erroneous gambling-related beliefs (N = 329). Items were based on interviews with people who gamble regularly, and, therefore, represented illusions of control - problem-solving solutions based on some playing experience. Consistently with the second argument presented above, the factor analysis showed that the items could be described in terms of two latent factors reflecting the gambler's fallacy and beliefs about supernatural agents, respectively.
The Illusion Of Control
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Author : Jon Danielsson
language : en
Publisher: Yale University Press
Release Date : 2022-06-28
The Illusion Of Control written by Jon Danielsson and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-28 with Business & Economics categories.
A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail Finance plays a key role in the prosperity of the modern world—but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk—the peril posed by our own behavior. Jón Daníelsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Daníelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
The Effect Of Locus Of Control On Illusion Of Control
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Author : Nicholas Joseph Pazienza
language : en
Publisher:
Release Date : 1982
The Effect Of Locus Of Control On Illusion Of Control written by Nicholas Joseph Pazienza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Control (Psychology) categories.
Behavioral Finance And Wealth Management
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Author : Michael M. Pompian
language : en
Publisher: John Wiley & Sons
Release Date : 2011-01-31
Behavioral Finance And Wealth Management written by Michael M. Pompian and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-31 with Business & Economics categories.
"Pompian is handing you the magic book, the one that reveals your behavioral flaws and shows you how to avoid them. The tricks to success are here. Read and do not stop until you are one of very few magicians." —Arnold S. Wood, President and Chief Executive Officer, Martingale Asset Management Fear and greed drive markets, as well as good and bad investment decision-making. In Behavioral Finance and Wealth Management, financial expert Michael Pompian shows you, whether you're an investor or a financial advisor, how to make better investment decisions by employing behavioral finance research. Pompian takes a practical approach to the science of behavioral finance and puts it to use in the real world. He reveals 20 of the most prominent individual investor biases and helps you properly modify your asset allocation decisions based on the latest research on behavioral anomalies of individual investors.
The Illusion Of Control
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Author : Ellen J. Langer
language : en
Publisher:
Release Date : 1974
The Illusion Of Control written by Ellen J. Langer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with Control (Psychology) categories.
Proximity Of Self As A Prerequisite For Illusion Of Control
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Author : Kathryn Bates
language : en
Publisher:
Release Date : 2015
Proximity Of Self As A Prerequisite For Illusion Of Control written by Kathryn Bates and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Chance categories.
The illusion of control is a cognitive bias in which people overestimate their ability to influence the outcome of chance events (e.g., Langer, 1975). In this study, we showed that the decision maker's self construct to the event (proximity of self) is a prerequisite that must be met before the illusion can manifest, to be then explained by one or more of these factors. Participants in Experiment 1 who viewed their completion of a coin toss task on a monitor were less likely to show an illusion of control than participants who gave their responses to the experimenter directly. Experiment 2 extended this finding to another cognitive bias, the framing effect (Tversky & Kahneman, 1981). We discuss the findings within the framework of explanations offered for illusion of control and suggest that a prerequisite of proximity may generalize to other biases, as well.
Relationship Of Desire For Control And The Illusion Of Control
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Author : M. Lyn Exum
language : en
Publisher:
Release Date : 1994
Relationship Of Desire For Control And The Illusion Of Control written by M. Lyn Exum and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Control (Psychology) categories.
Illusion Of Control
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Author : Marisol Munoz
language : en
Publisher:
Release Date : 1991
Illusion Of Control written by Marisol Munoz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Control (Psychology) categories.