The human mind is not a general problem solving machine. Instead of deliberately, consciously and serially processing the available information, men can rely on routines, rules, roles or affect for the purpose. They can bring in technology, experts or groups. For all of these reasons, men have a...

This study investigates the role of default options in the relationship between trait anxiety, and decision-making styles and financial decisions. One hundred and ninety-four participants were divided into three groups and subjected to three different conditions. Under each experimental...

Many believe that deliberative democracy, where individuals discuss alternatives before voting on them, should result in collectively superior outcomes because voters become better informed and decisions are justified using reason. These deliberations typically involve a moderator, however,...

I was invited to discuss decision theory and the firm for a conference on theories of choice. I believe that it is possible to deal productively with the subject matter of choosing and making decisions without actually settling upon any particular theory of choice. This is what transpires within...