We all make bad decisions—but that doesn’t mean we make them for no reason. Behavioral economics aims to explain why we act the way we do, in large and small ways, and helps us better understand our family, neighbors, employees, customers—and ourselves. The goal: to put our natural irrationality to good use.

Life-hacks, nudges and choice architecture:

Welcome to the Press Room, from Deloitte Insights, your source for the issues and ideas that matter to your business today. Host Tanya Ott interviews thought leaders and change makers on developments in business strategy, emerging technologies, growth, innovation, performance, risk and security, social impact, sustainability, talent and more. 

Deloitte Insights publishes original articles, reports, and periodicals that provide insights for businesses, the public sector, and NGOs. Our goal is to draw upon research and experience from throughout our professional services organization, and that of coauthors in academia and business, to advance the conversation on a broad spectrum of topics of interest to executives and government leaders.

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Management

Kate Hogan, global head of internal audit at Blackstone, on self-advocacy, sponsors, and stepping off the well-trodden path

Blackstone’s Kate Hogan on the joys of moving outside her comfort zone

Innovative new approaches and data-backed programs from both the public and private sectors show promise in finding solutions to homelessness and housing insecurity.

How government and business are tackling the global housing crisis on government’s future frontiers

Deloitte's Monica O'Reilly and Jim Eckenrode discuss rising interest rates, inflationary fears and other factors driving decision-making as financial services firms plan for turbulent times

Financial services industry faces tradeoffs in 2024

It’s not always best to value grit or follow-through, says Annie Duke, a former professional poker player who knows a thing or two about when to fold her cards. Hear her conversation with Deloitte's Steve Goldbach and Stuart Crainer of Thinkers 50 from the podcast The Provocateurs.

The game-changing magic of knowing when to quit: An interview with Annie Duke

Digital transformation seems to be a given in most organizations. It’s not a question of whether they will do it, but what sort of return they can expect from it. But finding those returns may depend more on the underpinnings of the transformation, not the top-level technologies or grand ambitions that are expressed. John Marcante and Tim Smith have been in the trenches of digital transformations. Marcante spent almost 30 years in both technology and business leadership positions at Vanguard, culminating in his role as Global CIO. He led the company’s digital transformation in 2012, changing not just the technologies used but also the way Vanguard’s teams operated. He is currently CIO-in-residence for Deloitte Consulting LLP. Tim Smith is the head of  Deloitte Consulting LLP’s Tech Strategy and Business Transformation practice in the United States and leads the global team in digital transformation research. He authored the article  Unleashing value from digital transformation: Paths and pitfalls, and is currently working on a new piece that identifies how organizations measure their digital transformation effects.  We spoke with Smith and Marcante about the importance of purpose in digital transformation, the factors that may lead to higher returns, and whether digital transformation is ever truly done.

Life-hacks, nudges and choice architecture:

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