IN the world of personal finance, our brains often play tricks on us. The availability heuristic is one of the most common cognitive biases affecting financial decisions. This mental shortcut makes us ...

IMAGINE you meet someone in a suit, talking confidently about stocks. You might instantly think, “He must be good with money.” Why? Because he fits the image of a successful investor. That’s ...

If you’re an 80s person like me, heuristics might make you think of that British band that sang "Sweet Dreams are made of This." That’s Eurythmics, not heuristics! Daniel Kahneman and Amos Tversky ...

About 40 years ago Danny Kahneman and Amos Tversky made some wonderful discoveries. They identified a set of heuristics that people use — availability, representativeness, anchoring and adjustment, ...

Stanley Milgram, an American social psychologist, discovered through his research that people trust those they view as experts in their sphere of influence. He documented and proved the correlation ...

Investors have recently been flocking to “safe-haven” investments like U.S. treasury bonds, gold and other commodities. These assets tend to stay valuable in uncertain times. At times of geopolitical ...

Forbes contributors publish independent expert analyses and insights. I explore work culture, collaboration & management evolution. This article is more than 10 years old. Mike Gotta, an influential ...

Clinicians must make diagnostic treatment decisions using a large body of probabilistic information and process this information under the pressure of time and workload. The pressure of this task is ...