There are two main approaches to decision making in business. The rational approach based on logic and analysis is favored by many business schools. In practice, most decisions are made using an ...

To better understand decision-making, researchers can create computational models—groups of equations that aim to predict what decisions people would make when faced with a set of choices. For example ...

How does one judge whether a model or a set of models and their results are adequate for supporting regulatory decision making? The essence of the problem is whether the behavior of a model matches ...

Many organizations implementing AI agents tend to focus too narrowly on a single decision-making model, falling into the trap of assuming a one-size-fits-all decision-making framework, one that ...

In The Road Not Taken, Robert Frost writes: “Two roads diverged in a yellow wood, and sorry I could not travel both…I took the one less traveled by, and that has made all the difference.” Good choices ...

The massive explosion of generative AI models for text and image has been unavoidable lately. As these models become increasingly capable, “foundation model” is a relatively new term being tossed ...