From small committees to national elections, group decision-making can be complicated -- and it may not always settle on the best choice. That's partly because some members of the group do research on ...
Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.
Discover how agency and stakeholder theories explain business relationship dynamics and conflicts, helping clarify interests ...
“Multivoting” — allowing people more than one vote so they can select multiple options if desired — is most effective in finding the “best choice,” according to a recent study from the University of ...
How we make decisions together when we are looking to maximize the benefit to all is an important area of research, and important for the survival of our species. We’re passing the point where we can ...
When you have a tough business problem to solve, you likely bring it to a group. After all, more minds are better than one, right? Not necessarily. Larger pools of knowledge are by no means a ...
In today’s fast-paced business environment, making well-informed decisions quickly is a crucial skill for leaders. Understanding different models of decision-making can provide you with the tools to ...
The sixth installment of our quarterly Business Practice feature involves a group decision gone (or going) awry: You work in the corporate office of a national fast-casual restaurant as a marketing ...
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