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.

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 ...

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.

A Grok chat window on a laptop on June 9, 2025. Last week, we conducted a test that found five leading AI models—including Elon Musk’s Grok—correctly debunked 20 of President Donald Trump’s false ...

Reid Hastie does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

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 ...

(MoneyWatch) Years ago, I was part of a merger between two public high-tech companies that ended in disaster. Turns out that executives of one company sugarcoated key aspects of their technology, and ...

Every decade or so, the term groupthink enters the public consciousness when a highly visible failure leaves people pondering how a group of competent people could have made such a disastrous decision ...

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 ...

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 ...