 This 2011 Falling Walls lecture video explores the human aversion to change. Collective histories have showcased human avoidance, and in some cases, inability, to change course and learn from mistakes. Elke Weber, whose contributions lie at the intersection of psychology and economics, sheds new light on behavioral models of judgment and decision making under risk and uncertainty. Her diverse academic career has led her to serve in leadership roles at Columbia University, on editorial boards of numerous journals across disciplines, and on advisory committees of national and international organizations related to the human dimensions of global change. Exploring how basic psychological processes like attention, emotion, and memory influence perceptions of risk, preference, and choice, Elke Weber presents some of her breakthroughs in behavioral decision theory, challenging our aversion to change and linking these potential shifts to technical and social innovation. (14 minutes)
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