Discover and develop the strength of character that underpins judgment. Character is the missing piece in understanding how to make better decisions.

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, ...

Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. The availability heuristic (or availability bias) refers to ...

In a recent article in the New York Times, Why Do People Fall for Fake News?, psychologists Gordon Pennycook and David Rand discuss people’s susceptibility to (strategic) misinformation. Two leading ...

The Roman Family CDR encourages students who are interested in the study of judgment and decision making, social psychology, or consumer behavior to apply to Chicago Booth's Stevens Doctoral Program ...