A few years ago, I read “Six Thinking Hats” by psychologist Edward de Bono. The core idea is simple: each hat represents a distinct way of thinking about a problem. While the framework is often ...

Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.

Have you made a decision you regret? Or have you felt stuck making an important choice? We’ve all had those feelings. Making a decision, especially an important one, shouldn't be done impulsively or ...

Optimal decisions made in extreme conditions require effective fast and slow thinking. Artificial intelligence (AI) may improve the speed and accuracy of decisions made in life-or-death situations.

Learn what irrelevant costs are in business, how they differ from relevant costs, and why knowing the distinction is crucial for effective management decisions.

In a world where things move a mile a minute, our brains are often tasked with processing large amounts of information within limited windows of time. When work requires that we multitask, under ...

The decision-making process is a delicate balance of information gathering, evaluation and analysis. The goal is to make decisions based on your leadership style and experience. But what could limit ...

Shared decision making (SDM) is a method of care that is suitable for the care of patients with cancer. It involves a collaborative conversation seeking to respond sensibly to the problematic ...