In a previous post, we considered three of seven "irrational" habits of highly rational people. Here we consider the remaining four, as well as some suggestions for distinguishing the genuinely ...

Cognitive shortcuts (or heuristics) and their consequent psychological and behavioural biases can profoundly affect and shape the judgments and decisions we make in our everyday and professional lives ...

Why do people make short-term decisions that may not be in their long-term interest? An October 22-25 working group takes ...

Schwartz (The Paradox of Choice) and Schuldenfrei, psychology professor emeritus and philosophy professor emeritus, respectively, at Swarthmore, mount a comprehensive case against rational choice ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As artificial intelligence revolutionizes the business world, a more subtle but equally ...

Peter Goldstein is the CEO of Exchange Listing, an advisory firm that counsels high-growth companies to list on senior stock exchanges. Entrepreneurship requires constant decision making. Every choice ...

This is because our leading theory of rational decision-making claims that we should make decisions not just based on how probable or improbable outcomes are, but rather based on the so-called ...