The answer to the question, "Ability, speed, or both?" may be "both at once" if speed is simply a manifestation of ability. If differences in speed are manifestations of differences in ability, then both speed and ability may reflect a single dimension best characterized by a single score. While measurement of speed has proven…

Describes the current state of knowledge about human decision-making and problem-solving processes, explaining recent developments and their implications for management and management training. Rational goal-setting is the key to effective decision making and accomplishment. Bounded rationality is a realistic orientation, because the world is too…

The commonly accepted idea that the only rational measure of the worth of a gamble is its expected value or some subjective counterpart such as expected utility is examined. Also discussed are the changes called for in theories of rational choice when prescriptions of rational models violate common sense. (Author/GK)