Decision theory provides a structured framework for analysing how individuals and institutions make choices amidst uncertainty. It combines the rigour of mathematical models—such as expected utility ...

This post is a review of Choose Wisely: Rationality, Ethics, and the Art of Decision-Making. By Barry Schwartz and Richard Schuldenfrei. Yale University Press. 277 pp. $32.50. Rational Choice Theory ...

Expertise and opinions of authors published by ForbesBooks. Imprint operated under license. I discovered many years ago that good leadership creates an environment that embodies the ideal balance of ...

This post is written by Bhavleen Singh, research affiliate at the Department of Economics, Monk Prayogshala. At 18, society often labels us as adults, yet this milestone merely scratches the surface ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Making decisions in complex environments is hard. The first choice a leader needs to make is ...

‘Evidence-based decision-making’ sounds like a great idea. Before trying to build it into your IT culture, you’ll first need to figure out what it means. Solicit a proposal from your average ...

Scientists from the Icahn School of Medicine at Mount Sinai, working in collaboration with a team from the University of Texas at El Paso, have developed a novel computational framework for ...

Credit: Getty Images Respect for the autonomy of patients does not mean leaving them to navigate health care decisions on their own. Shared decision-making enables physicians to serve as guides to ...