As it turns out, entrepreneurs and executives have very different ideas for how to proceed, though the two groups do share ...

Nobel Prize-winning psychologist Daniel Kahneman synthesizes decades of research on cognitive biases and decision-making to explore how we think comprehensively. The book introduces two systems that ...

If a company files for Chapter 7 bankruptcy, that means it's heading for liquidation, in which assets are sold off to pay creditors.

One way to conceive of the continuum of System 1 and System 2 thinking is to use the analogy of a spear. In this analogy, the tip or point of the spear represents System 1 thinking. An effective spear ...

Proper problem identification saves time, money, and frustration by focusing resources on effective solutions instead of ...

Considering marriage, Charles Darwin wrote that a wife is "better than a dog," and this was apparently enough of a reason to ...

AI changes everything — especially making decisions, learning and leading. Here's how to shift from optimization to ...

Shopper behavior has evolved, with impulse purchases increasingly planned in advance due to digital influence and ...

The answer, we believe, can be found toward the end of the interview we did with him. He surprised us by denying that his ...

The interview took place on March 23. Professor Kahneman was cheerful and lively, with no mental lapses. He wrote to us the next day to say that he had greatly enjoyed the conversation. We did not ...

Today I’m a major “fast-casual” eatery chain, boasting more than 3,700 locations and around 120,000 system employees across ...

Psychologists Daniel Kahneman and Amos Tversky, in their Nobel-winning work, highlighted that while heuristics help in decision-making, they also lead to biases. The availability heuristic ...