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 ...

Most of us are well aware that groupthink—the phenomenon in which decision-making is ruled by the ease of conformity—is bad for business. When our workplace falls into groupthink, we become complacent ...

As AI tools like Anthropic's Claude gain traction on Wall Street, analysts risk converging on the same data, models and conclusions, amplifying herd behaviour and deepening market volatility ...

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 ...

Groupthink is a major pitfall in business. It can easily displace independent thinking and good decision making. I remember being in a strategy meeting with an executive team. We were doing scenario ...

I once worked at a politically correct company. Seriously, the whole company was that way. Everyone was treated equally, people rarely cursed in meetings, everyone sat in cubicles so nobody raised ...

Opinions expressed by Entrepreneur contributors are their own. Entrepreneurs and team leaders often devote significant energy into coordinating efforts and fostering a common organizational culture.

Volkswagen is facing blistering criticism for fabricating an announcement that it’s rebranding as “Voltswagen,” when announcing its electric car strategy. That turned out to be nothing more than an ...

Ever wonder how social norms occur? Those that openly support the majority viewpoint on an issue are lauded so that behavior is reinforced. Dissenters, on the other hand, are denounced so they clam up ...