Michael Woodford

Oct 1, 2024 | biorxiv.org | Arthur Prat-Carrabin |Michael Woodford

AbstractPrimacy and recency effects - wherein early and recent observations exert disproportionate influence on judgments - have long been noted in cognitive tasks involving the sequential presentation of information. In studies where human subjects make decisions based on the average of a sequence of numbers, recency effects are typically modeled phenomenologically through exponential discounting, while primacy effects are neglected altogether.

May 13, 2024 | rappler.com | Miriam Grace Go |Michael Woodford

I’m executive chairman of the UK-registered charity the Safer Roads Foundation (SRF), a science-based, not-for-profit organization actively working around the world to reduce road casualties. In visiting Manila over the last two years, what struck me was the charm and warmth of its people, but also the opportunity to dramatically reduce the carnage which occurs every day on the country’s roads. There are two low-hanging fruits, which should be harvested now to achieve this objective.

Mar 18, 2024 | biorxiv.org | Arthur Prat-Carrabin |Michael Woodford

AbstractThe behavioral variability in psychophysical experiments and the stochasticity of sensory neurons have revealed the inherent imprecision in the brain's representations of environmental variables. Numerosity studies yield similar results, pointing to an imprecise 'number sense' in the brain.