Language Matters

Kathleen Stein Smith, Ph.D

Learning a foreign language may make you immune to 2 key decision-making biases

“A team of researchers at the University of Chicago has reported that people are immune to two key biases when they think in their second, less familiar language.

The findings have important implications for international internet research – psychological measures could vary according to whether participants are answering in their mother tongue or in a second language learned later in life.

More generally, the researchers said the findings could have ramifications for real life. ‘People who routinely make decisions in a foreign language rather than their native tongue might be less biased in their savings, investment, and retirement decisions, as a result of reduced myopic loss aversion,’ they concluded. ‘Over a long time horizon, this might very well be beneficial.’

Read more @ http://www.businessinsider.com/learning-a-foreign-language-may-make-you-immune-to-2-key-decision-making-biases-2015-8

Languages do matter!

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