The Center for Decision Sciences was founded in 1999 by Eric Johnson, David Krantz, and Elke Weber to unify the decision sciences across the Columbia University campus, and initially was a unit of the Institute for Social and Economic Research and Policy (ISERP).
In 2008, the CDS moved to the Columbia Business School, where it is now co-directed by Eric Johnson and Elke Weber.
Activities are overseen by a Strategy Committee consisting of the following members of the Columbia Business School faculty:
Daniel R. Ames, Associate Professor, Management
Gita V. Johar, Meyer Feldberg Professor of Business, Marketing
Eric J. Johnson, Norman Eig Professor of Business, Marketing
Michael W. Morris, Chavkin-Chang Professor of Leadership, Management
Paul Tetlock Roger F. Murray Associate Professor of Finance, Finance and Economics
Elke U. Weber Jerome A. Chazen Professor of International Business, Management
Professor Johnson is Director of the Center for Decision Sciences. His research examines the interface between Behavioral Decision Research, economics and the decisions made by consumers, managers, and their implications for public policy, markets and marketing. Among other topics, Johnson has explored how the way options are presented to decision-makers affect their choices in areas such as organ donation, the choice of environmentally friendly products, and investments. After graduation from Rutgers University, he received his M.S. and PhD. in Psychology from Carnegie-Mellon University, and was a National Science Foundation postdoctoral fellow at Stanford. He has taught at Carnegie Mellon, was a visiting professor at the Sloan School at MIT, was the inaugural holder of the David W. Hauck Chair in Marketing, and a Professor of Operations and Information Management and Psychology at the University of Pennsylvania. The National Science Foundation, The National Institutes of Health, The Alfred P. Sloan and Russell Sage Foundations, and the Office of Naval Research have supported his research. He was awarded the Distinguished Scientific Contribution Award from the Society for Consumer Psychology, and named a Fellow by the Association for Consumer Research. He was awarded an honorary doctorate in Economics from the University of St. Gallen, and is a Fellow of the TIAA- CREF Institute and the Association for Psychological Science. According to the Institute for Scientific Information, he is one of the most highly cited scholars in Business and Economics.
Professor Weber works at the intersection of psychology and economics. She is an expert on behavioral models of judgment and decision making under risk and uncertainty. Recently she has been investigating psychologically appropriate ways to measure and model individual and cultural differences in risk taking, specifically in risky financial situations and environmental decision making and policy. Weber is past president of the Society for Judgment and Decision Making, coeditor of Risk Decision & Policy and associate editor of Organizational Behavior and Human Decision Processes. She serves on the editorial boards of two other journals, on the executive councils of INFORMS's Decision Analysis Society and the Society for Mathematical Psychology and on an advisory committee of the National Academy of Sciences on Human Dimensions in Global Change.