Minds for Business

Does a “Triple Package” of Traits Predict Success?

What makes one person more successful than another? For decades, social scientists have been trying to identify the factors that lead some people, but not others, to land dream jobs in high-paying, prestigious careers. While there’s certainly no set formula for becoming a success, researchers have identified several social factors More

The Kryptonite of Smart Decisions? Overconfidence

Research shows that people in general are overconfident, but entrepreneurs appear to be particularly prone to cockiness. About half of new companies fail within five years, according to the US Bureau of Labor Statistics. Despite the imposing failure rate for new businesses, entrepreneurs are often quite confident that their ventures More