Dr. Daniel Krawczyk is Principal Investigator on two large Department of Defense-funded clinical trials aimed at understanding rehabilitation of reasoning strategies after traumatic brain injury in veteran and civilian populations. He is currently leading a project funded by the Defense Advanced Research Projects Agency (DARPA) aimed at evaluating social reasoning skills across cultures.
Dr. Krawczyk research has focused on understanding reasoning through a multi-disciplinary approach that combines neuroimaging, cognitive psychology, and human neuropsychology. He has investigated the neural basis of reasoning in healthy adults, adolescents, and individuals with disorders including dementia, brain injury, and autism spectrum disorders. His work has focused on reasoning by analogy and metaphor comprehension.
He has also studied the role of expertise in information processing. In these studies, he has investigated the perceptual and memory abilities of chess Grandmasters compared to novice players. Dr. Krawczyk holds a Ph.D. from the University of California, Los Angeles and was previously a Ruth L. Kirschstein postdoctoral fellow at the University of California, Berkeley.
Dr. Krawczyk’s co-authored book, Understanding Behavioral BIA$: A Guide to Improving Financial Decision-Making, identifies the 25 financial biases most relevant to investing, which typically result from a limited understanding about how to leverage our attention, memory and knowledge. The authors describe recently discovered evidence of how biases develop and offer practical strategies to help investors implement personal and institutional best practices that guard against biases’ harmful effects.
Tips included in the strategies to conquer investing biases include:
- Rules-Based Investment Process
- Active Management
- Awareness of Uncertainty and Error
- Group Decision Making
- Idea Generation Process
- Techniques for Analysis
- Playbook for Constant Improvement
“The science is clear: our brains are adaptable and trainable. In practical terms, this means that once we identify biases and understand them, we can learn to protect our brains against these biases and adopt strategies that strengthen our performance rather than hinder it,” said Krawczyk.
Listen to Mental Models Podcast with Dr. Daniel Krawczyk.