As influenza vaccination is now widely recommended, randomized clinical trials are no longer ethical in many populations. Therefore, observational studies on patients seeking medical care for acute ...

One of the keys to improving decision-making in front offices is understanding the biases that impact how we perceive value. Here, we break down a major pair of biases and how they could impact the ...

This is the 11th article in the Behavioral Finance and Macroeconomics series exploring the effect behavior has on markets and the economy as a whole and how advisors who understand this relationship ...

A large new global study of project performance over 86 years confirms that ingrained optimism bias results in forecast-based cost-benefit analyses "so misleading as to be worse than worthless," say ...

This is the third in a three-part series. See the first post here. In previous posts, I introduced likelihood neglect bias and explained how it can hinder us from forming accurate judgments about the ...