In making decisions, you may be at the mercy of your mind’s strange workings. Here’s how to catch thinking traps before they become judgment disasters. by John S. Hammond, Ralph L. Keeney and Howard ...

Simplify decision-making by grouping choices into three categories based on their potential consequences and outcomes: minor impact, medium impact and material impact. Follow key steps — decide to ...

Have you ever found yourself stuck in a loop of endless deliberation, only to realize that the opportunity you were weighing has already passed you by? It’s a frustrating cycle—one that leaves you ...

Humans explore unfamiliar options more when deciding how to avoid losses than when seeking gains. The firing rate of neuronal cells in the brain’s amygdala predicts decisions to explore in both ...