We’re all guilty of putting off that big decision because our brains can’t stop focusing on potential negative outcomes.

Regret theory postulates that decision‐makers do not solely evaluate outcomes based on traditional expected utility; they also incorporate the anticipated emotional response resulting from realising ...

At the start of 2025, the global economy is on the brink of massive change. By some estimates, there is an $80 trillion demand for long-term capital to fund a transformation on par with the Industrial ...

Learn how Nobel Laureate Daniel Kahneman's work in behavioral economics revolutionized the understanding of human ...

The Supreme Court should continue to apply a strong version of the duty to engage in reasoned decision-making ...

Lee-Yoon, Alice, Grant E. Donnelly, and A.V. Whillans. "Overcoming Resource Scarcity: Consumers’ Response to Gifts Intending to Save Time and Money." Art. 495. Special Issue on Scarcity and Consumer ...

SAN RAMON, Calif.--(BUSINESS WIRE)--A new survey commissioned by Reputation, the global leader in reputation performance management, reveals that online reviews have become one of the most influential ...

Pet Food Industry notes that veterinary costs have risen more than 40% since 2020. When a single emergency visit can cost more than months of preventive nutrition, consumers rethink how they spend.

In today's fast-paced business environment, effective decision making and problem-solving are essential skills for leaders. With an abundance of data, complex team dynamics and constant pressure to ...

Decision theory is a cornerstone of economic analysis, providing a framework for understanding how individuals and institutions make choices under conditions of uncertainty and risk. At its core, the ...