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We all want more information in order to make better decisions and calculate risk, but oftentimes that information is scarce. This new strategy, based on extensive cognitive and economic research, shows how to make financial decisions through a 'fast and frugal' method.
Shabnam Mousavi is assistant professor at the Johns Hopkins University Carey Business School and a fellow of the Max Planck Institute for Human Development, Center for Adaptive Behavior and Cognition. Her research on practical decision-making in business has been featured in Science News, Johns Hopkins Magazine, and Die Zeit. She has received a Wisdom Project grant from the University of Chicago, and serves as secretary to the Society for Advancement of Behavioral Economics, as well as member of the editorial board for the Journal of Behavioral and Experimental Economics.