Decision science shows that human decision - making is fraught with systematic biases that lead to
suboptimal decisions in all contexts.
«The stakes in retirement are high, and the impact of
suboptimal decisions can be severe, particularly taking into account the unknowns, such as market returns, life span, and health issues.»
I understand that the Fed may have felt rushed at the time, leading to
a suboptimal decision, but they should be better read on economic history.
Not exact matches
He discusses how destructive the belief that «this time is never different» can be for investment returns, the pitfalls of group think, and why career risk leads to
suboptimal investment
decisions.
You may also be making
suboptimal solar design
decisions or recommending the wrong financing option to your client.
When litigants integrate data and models with
decision sciences research showing how psychological biases and heuristics lead to
suboptimal results, they acquire new and valuable tools to assess their alternatives.