The saying "too many cooks spoil the broth" is well-known. It means that the more people involved in a task, the poorer the outcome. I find this expression holds true in the world of business where ...

This is the fifth the Behavioral Finance and Macroeconomics series. We will explore the effect behavior has on markets and the economy as a whole--and how advisors who understand this relationship can ...

Groupthink is the term used when decision-making groups make hasty and premature decisions without doing the critical evaluation work required for making well-thought-out and good decisions.

Forbes contributors publish independent expert analyses and insights. I write about critical thinking in education. When I need to make a big decision at work, I often turn to team members for help.

The concept of "groupthink," first identified by Irving Janis, refers to the phenomenon in which group members quickly align on certain decisions without critically evaluating or suppressing ...

There’s a slippery slope in the climb toward social acceptance. Why do people do what they do to be part of something, not just in college environments but in foreign policy war rooms, in workplaces, ...