Cognitive Biases Are Bad for Business

May 20th, 2013

By Dr. Jim Taylor The conventional wisdom in classical economics is that we humans are “rational actors” who, by our nature, make decisions and behave in ways that maximize advantage and utility and minimize risk and costs. This theory has driven economic policy for generations despite daily anecdotal evidence that we are anything but rational, […]

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Is Raising Good Decision Makers Parents’ Greatest Challenge?

January 15th, 2013

By Dr. Jim Taylor Good decision making is one of the most powerful skills your children need to learn as they progress through childhood and transition into adulthood. But I promise you, it is not a skill that will develop readily on its own, particularly in the digital world in which they are growing up. […]

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Is Technology Creating a Generation of Bad Decision Makers?

January 7th, 2013

By Dr. Jim Taylor Decision making is another aspect of children’s thinking that seems to be suffering as a result of the latest technology. This poor decision making is illustrated by events over the last few years involving young people making egregiously bad decisions that involve technology (not to mention the frequent examples occurring in […]

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Technology: Bad Decision Making 2.0

June 21st, 2011

By Dr. Jim Taylor There has been some egregiously bad decision making in the news lately, highlighted by the revelations around now-former Congressman Anthony Weiner’s ongoing sexually explicit Twitter conversations and photo sharing with six women. And just to show you that this post isn’t a partisan attack, let’s not forget the similarly bad decision […]

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Obama the Incrementalist

November 1st, 2009

By Tom Carter Obama the incrementalist is the headline of a column written by Howard Kurtz in The Washington Post a few days ago. Kurtz emphasized what I wrote in a previous article, The Faux Golden Boy.  If I can be forgiven for quoting myself, I said that Obama is “the kind of modern man…who […]

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