Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...

Although humans and artificial intelligence (AI) systems "think" very differently, new research has revealed that AIs sometimes make decisions as irrationally as we do. In almost half of the scenarios ...

Drawing incorrect conclusions, based on ill-conceived heuristics, can lead to bad decision making. This is cognitive bias. Researchers have identified an enormous range of cognitive biases that can ...

Imagine your leadership team sailing smoothly through calm waters—until it hits an unexpected iceberg. The forecasts were solid. The numbers were sound. Yet beneath the surface, something far more ...