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Opinions/Editorials Title: Are Emotions Prophetic? For thousands of years, human beings have looked down on their emotions. Weve seen them as primitive passions, the unfortunate legacy of our animal past. When we do stupid things say, eating too much cake, or sleeping with the wrong person, or taking out a subprime mortgage we usually blame our short-sighted feelings. People commit crimes of passion. There are no crimes of rationality. This bias against feeling has led people to assume that reason is always best. When faced with a difficult dilemma, most of us believe that its best to carefully assess our options and spend a few moments consciously deliberating the information. Then, we should choose the alternative that best fits our preferences. This is how we maximize utility; rationality is our Promethean gift. But what if this is all backwards? What if our emotions know more than we know? What if our feelings are smarter than us? While there is an extensive literature on the potential wisdom of human emotion David Hume was a prescient guy its only in the last few years that researchers have demonstrated that the emotional system (aka Type 1 thinking) might excel at complex decisions, or those involving lots of variables. If true, this would suggest that the unconscious is better suited for difficult cognitive tasks than the conscious brain, that the very thought process weve long disregarded as irrational and impulsive might actually be more intelligent, at least in some conditions. The latest demonstration of this effect comes from the lab of Michael Pham at Columbia Business School. The study involved asking undergraduates to make predictions about eight different outcomes, from the Democratic presidential primary of 2008 to the finalists of American Idol. They forecast the Dow Jones and picked the winner of the BCS championship game. They even made predictions about the weather. Heres the strange part: although these predictions concerned a vast range of events, the results were consistent across every trial: people who were more likely to trust their feelings were also more likely to accurately predict the outcome. Phams catchy name for this phenomenon is the emotional oracle effect. Consider the results from the American Idol quiz: while high-trust-in-feelings subjects correctly predicted the winner 41 percent of the time, those who distrusted their emotions were only right 24 percent of the time. The same lesson applied to the stock market, that classic example of a random walk: those emotional souls made predictions that were 25 percent more accurate than those who aspired to Spock-like cognition. What explains these paradoxical results? The answer involves processing power. In recent years, its become clear that the unconscious brain is able to process vast amounts of information in parallel, thus allowing it to analyze large data sets without getting overwhelmed. (Human reason, in contrast, has a very strict bottleneck and can only process about four bits of data at any given moment.) But this raises the obvious question: how do we gain access to all this analysis, which by definition is taking place outside of conscious awareness? Heres where emotions come in handy. Every feeling is like a summary of data, a quick encapsulation of all the information processing that we dont have access to. (As Pham puts it, emotions are like a privileged window into the subterranean mind.) When it comes to making predictions about complex events, this extra information is often essential. It represents the difference between an informed guess and random chance. How might this work in everyday life? Lets say, for example, that youre given lots of information about how twenty different stocks have performed over a period of time. (The various share prices are displayed on a ticker tape at the bottom of a television screen, just as they appear on CNBC.) Youll soon discover that you have difficulty remembering all the financial data. If somebody asks you which stocks performed the best, youll probably be unable to give a good answer. You cant process all the information. However, if youre asked which stocks trigger the best feelings your emotions are now being quizzed you will suddenly be able to identify the best stocks. According to Tilmann Betsch, the psychologist who performed this clever little experiment, your feelings will reveal a remarkable degree of sensitivity to the actual performance of all of the different securities. The investments that rose in value will be associated with the most positive emotions, while the shares that went down in value will trigger a vague sense of unease. But this doesnt meant we can simply rely on every fleeting whim. The subjects had to absorb all that ticker-tape data, just as Phams volunteers seemed to only benefit from the emotional oracle effect when they had some knowledge of the subject. If they werent following college football, then their feelings werent helpful predictors of the BCS championship game. The larger lesson, then, is that our emotions are neither stupid nor omniscient. They are imperfect oracles. Nevertheless, a strong emotion is a reminder that, even when we think we know nothing, our brain knows something. Thats what the feeling is trying to tell us.
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