Decision Making

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"A sum of £2,350 is well within everybody's comprehension. Everyone can visualize a bicycle shed. Discussion goes on, therefore, for forty-five minutes, with the possible result of saving some £300."

— Parkinson, C. Northcote event 1958

menu_book Parkinson's Law: The Pursuit of Progress

corporate_fare Bureaucracy psychology Decision Making psychology_alt Cognitive Bias

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"The time spent on any item of the agenda will be in inverse proportion to the sum involved."

— Parkinson, C. Northcote event 1958

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Knowledge and Decisions

person Sowell, Thomas event 1980

Analysis of how knowledge is used in economic decision-making, examining the role of prices, incentives, and institutions in coordinating dispersed...

analytics Economics menu_book Epistemology psychology Decision Making psychology Knowledge

Parkinson's Law: The Pursuit of Progress

person Parkinson, C. Northcote event 1958

Satirical collection of essays on bureaucracy and administration, including the famous law that 'work expands so as to fill the time available for ...

corporate_fare Bureaucracy psychology Decision Making speed Efficiency psychology_alt Critical Thinking

person Authors

Kahneman, Daniel

event 1934 - 2024

Israeli-American psychologist and economist, Nobel laureate in Economics (2002), pioneer in behavioral economics and cognitive biases

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Parkinson, C. Northcote

event 1909 - 1993

British naval historian and author who formulated Parkinson's Law, the satirical observation that "work expands so as to fill the time available fo...

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psychology Concepts

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Hanlon's Razor

An adage or rule of thumb that states: 'Never attribute to malice that which is adequately explained by stupidity.' This principle encourages the a...

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Law of Triviality

The tendency of groups to devote disproportionate time and attention to trivial, easily-grasped matters while giving complex, high-stakes decisions...

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Survivorship Bias

A logical error that occurs when conclusions are drawn from a data set consisting only of the 'survivors' of some selection process, while overlook...

psychology_alt Cognitive Bias psychology_alt Critical Thinking psychology Psychology psychology Decision Making visibility Seen and Unseen

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