Chocolate or strawberry? Life or death? We make some choices quickly and automatically, relying on mental shortcuts our brains have developed over the years to guide us in the best course of action.

An inside look at an opaque process by Paul Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev Over the past 30 years, venture capital has been a vital source of financing for high-growth ...