In this post, I explain how a newly introduced bias--likelihood neglect bias--can prevent us from forming accurate judgments ...

Why do people make irrational decisions? This course will provide a comprehensive overview of decision making with an emphasis on applying psychological theory and research to tackle issues in the ...

Mark Travers writes about the world of psychology. Mental models are ... Here are two essential mental models for making intelligent decisions and how to use them effectively.

A study led by Prof. Li Hai from the Hefei Institutes of Physical Science of the Chinese Academy of Sciences has revealed ...

Anchoring or focalism is a term used in psychology to describe the common human tendency to rely too heavily, or "anchor," on one trait or piece of information when making decisions.

Money is more than just numbers in a bank account—it’s deeply intertwined with our emotions, beliefs, and personal ...

Mark Travers writes about the world of psychology. A “gut feeling ... Here’s how you can sharpen your intuition for better decision-making. Risk is inherent in making high-stakes decisions.

Indeed, as the psychologist, author and speaker Doreen Dodgen-Magee explains in Psychology Today ... if you procrastinate making a decision or avoid it altogether, you still haven’t dealt ...