News tagged with decision making

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Older is wiser, at least economically

The brains of older people are slowing but experience more than makes up for the decline, a University of California, Riverside assistant professor of management and several colleagues found when asking the participants a ...

Sep 24, 2013
popularity 2.5 / 5 (2) | comments 0 | with audio podcast

New insight into why haste makes waste

Why do our brains make more mistakes when we act quickly? A new study demonstrates how the brain follows Ben Franklin's famous dictum, "Take time for all things: great haste makes great waste."

Nov 07, 2012
popularity not rated yet | comments 0 | with audio podcast

Decision making

Decision making can be regarded as an outcome of mental processes (cognitive process) leading to the selection of a course of action among several alternatives. Every decision making process produces a final choice. The output can be an action or an opinion of choice.

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