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Our mission: The Center for the Decision Sciences (CDS) serves as a resource to encourage dialogue and collaboration among researchers in multiple divisions and disciplines at Columbia Business School and to facilitate dialogue with and research transfer to industry experts and public policy makers. Our goal is to generate and facilitate interdisciplinary basic research that is relevant to the needs of real world decision makers.

Our history: Decision science lies at the intersection of several social and behavioral science disciplines, drawing on theory and methods from economics, psychology, political science and management, among other fields. Theory and research in the decision sciences has followed two paths: The first is normative or prescriptive, focused on specifying criteria for evaluating decisions and providing algorithms for achieving optimal outcomes; the second is descriptive, focusing on how people actually make decisions.

The Center for Decision Sciences (CDS) at Columbia Business School has dual educational and research purposes: to provide cross-training to graduate students and post-doctoral fellows in aspects of decision sciences that they are not exposed to in their home disciplines; and to bring together researchers from different departments and schools to work on research issues that require cross-disciplinary expertise.

Foci extend well beyond the interests of the core organizers, including but not limited to statistical decision theory, the micro-foundations of comparative justice systems, rational expectations in economics and political science, technological change and the restructuring of decision processes, and the impact of probabilistic forecasts (for example, climate variability) on decision algorithms. The Center provides assistance of various sorts to researchers, including advice on research design, data acquisition, and data analysis.

The Center, formerly part of the Institute for Social and Economic Research and Policy (ISERP), is a partner of the Center for Research on Environmental Decisions (CRED).

CDS has three founding directors: Eric Johnson, David Krantz and Elke Weber.

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The Curl Ideas to wrap your mind around

Competing With Bias

Research shows how discrimination works in the hiring process and suggests that science and tech firms that leave it unaddressed may overlook talented female candidates.

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Katherine Phillips Named Senior Vice Dean

Effective July 1, 2014, Phillips will succeed Gita Johar, the Meyer Feldberg Professor of Business, whose three-year term as senior vice dean is ending.

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Financing China’s Future

China’s rapid urbanization strategy requires a financing system that can keep up. Shusong Ba of the State Council of China lays out economic and policy reforms that will help local governments cope with cities bursting at the seams.

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University Professors Awarded 2014 Eccles Prize

Two University professors have been awarded the 2014 George S. Eccles Prize for Excellence in Economic Writing.

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Tunisia's Fight for Democracy

The new Prime Minister explains how revolution is leading to freedom and a country of laws.

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Turkey's Hot-Money Problem

Ongoing financial volatility in emerging economies is fueling debate about whether the so-called “Fragile Five” — Brazil, India, Indonesia, South Africa, and Turkey — should be viewed as victims of their excessive integration into global financial markets.

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Reforming China's State-Market Balance

Many of China’s problems today stem from too much market and too little government, says Nobel laureate Joseph E. Stiglitz.

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All-Star Pitchers Will Hate Instant Replay, According to New Research from Columbia Business School

Columbia Business School Professor Reviews Data of Nearly 800K MLB Pitches and Finds ‘Star-Struck’ Umpires Show Bias in Favor of All-Star Pitchers

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Event Connects Endowed Professors, Alumni

More than 60 distinguished Columbia Business School alumni, faculty, and staff members gathered at New York’s Le Parker Meridien hotel in Midtown for the School’s biennial Professorship Celebration on March 24. The event connects alumni who have supported endowed professorships and the professors who hold those chairs.

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