The field of Psychology of Reasoning and Decision Making explores the cognitive processes that underlie how individuals evaluate information, form judgements, and ultimately make choices. It draws on ...

Forbes contributors publish independent expert analyses and insights. Julian Hayes II combines wellness, business, and leadership. When it comes to daily decision-making, the average adult is said to ...

This post is a review of Choose Wisely: Rationality, Ethics, and the Art of Decision-Making. By Barry Schwartz and Richard Schuldenfrei. Yale University Press. 277 pp. $32.50. Rational Choice Theory ...

These words, from Nelson Mandela, speak volumes about the difficulties we face in the often-fraught process of decision-making. A decision is essentially a choice. Whether that choice involves major, ...

In a small, highly aligned team, collective decision making can be efficient. But as an organization scales up, consensus-driven business decision making becomes a bottleneck. In the modern workforce, ...

The ways in which humans can be triggered into making irrational decisions are many and varied. Investors make higher bids for stocks when the sun is shining. If you add paper packaging to a product ...