Learn how the framing effect influences decision-making in investments, and discover strategies to identify and mitigate its ...

A few years ago, I read “Six Thinking Hats” by psychologist Edward de Bono. The core idea is simple: each hat represents a distinct way of thinking about a problem. While the framework is often ...

Opportunity cost refers to the potential profit provided by a missed opportunity—the result of choosing one alternative for ...

The Markkula Center’s Ethical Decision-Making Framework is a tool designed to 1) help users see and identify a broader set of ethical issues than they would have without it, and 2) guide users through ...

The brain favors repeating past actions over rational choice, explaining why we stick to habits even when better options exist.

We make decisions all day long. Some of them are based on careful consideration, some are based on past experiences, and some just seem to come without much thought. Decisions come in all forms.

Leadership in complexity isn't primarily about making individual decisions better. It's about designing how different types of decisions should be handled.

Why do people often make decisions in the same pattern and choose the tried and tested, even when there are apparently better alternatives? A research team led by Stefan Kiebel, Professor of Cognitive ...

As a business owner, you will face many decisions that impact you, your business, your customers, and your employees. Nearly all of your decisions will have some kind of ethical dimension to them. For ...

The decision to buy or renovate a home, is for most people the most important financial decision in their life. Not only are the involved amounts 10 to 100 times higher than most other financial ...