When you come across articles about human decision-making, whether in the popular press or scientific literature, the probability is high that the expression "cognitive bias" is likely to be used. In ...

This is the second post in a series on cognitive biases. A cognitive bias is a mental shortcut or heuristic intended to spare us time, effort, or discomfort—often while reinforcing our self-image or ...

It is a scientific fact that we have more vivid memories of negative or painful experiences than positive ones, making it more likely that those experiences will shape our future decision making. That ...

Studies show that AI systems used to make important decisions such as approval of loan and mortgage applications can perpetuate historical bias and discrimination if not carefully constructed and ...

Promoting awareness of unconscious bias enhances decision-making, fairness, and collaboration, reduces conflict, and fosters a respectful, inclusive work environment. The Fast Company Executive Board ...

BALTIMORE, MD, April 1, 2025 – Can we really trust AI to make better decisions than humans? A new study says … not always. Researchers have discovered that OpenAI’s ChatGPT, one of the most advanced ...

Are the decisions we make fair and free of bias? More often than not, no. Instead, our choices are dictated by associations we hold that are outside of our conscious awareness. These hidden biases ...

Election years are a ripe opportunity for behavioral mistakes. There seems to be a lot at stake given the potentially huge change coming around the corner. Uncertainty hangs in the air, taking up all ...

KUWAIT: Traditional finance theory assumes that investors behave rationally and make objective decisions that maximize expected utility. In reality, investment behavior frequently departs from this ...