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 ...

New research on chimpanzees is forcing scientists to rethink where the line between human and animal minds really lies. In ...

Be they small or big, simple or complex, we are constantly making decisions every waking hour of our lives. But are our decisions rational or irrational? Are they always made in our best interests? In ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Loïc Berger receives funding from the Agence Nationale de la Recherche (ANR) under the project INDUCED (ANR-17-CE03-0008-01). Loïc Berger is associate researcher at the European Institute on Economics ...

Francesca Gino, a professor at Harvard Business School, conducts research on emotion, focusing specifically on how simple, seemingly irrelevant, factors can have a significant impact on the choices we ...

Warner Bros. Discovery CFO Gunnar Wiedenfels enraged strikers with remarks about the company's cost savings in an earnings call. (Photo by David Livingston/Getty Images) As Warner Bros. Discovery’s ...

Values-based decision making differs substantially from more traditional, top-down models of decision making in that everyone in an organization has a part to play in establishing and maintaining the ...

For example, if for every highly negative outcome with a probability of 10 percent and which a rational decision-maker would avoid, then they will be avoiding negative outcomes that simply don’t ...