New research on chimpanzees is forcing scientists to rethink where the line between human and animal minds really lies. In carefully designed experiments, chimps are not just grabbing at treats or ...

Learn about homo economicus, its origins, significance in economics, and the challenges to its rational decision-making model by modern behavioral economists.

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 ...

A study by UCD Michael Smurfit Graduate Business School has discovered people tend to see AI as more rational than human decision-making, which, according to respondents, is most influenced by emotion ...

A “gut feeling” emerges when information and experience work together with efficiency and accuracy. Here’s how you can sharpen your intuition for better decision-making. Risk is inherent in making ...

Entrepreneurial decision-making is profoundly influenced by cognitive biases—systematic deviations from rational judgment that shape how individuals perceive information, assess risk and seize market ...

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 ...