Cohort studies follow groups of individuals who are exposed or unexposed to a particular risk factor over time. They allow researchers to compare outcomes like disease rates between the exposed and unexposed groups. The document outlines key steps in cohort studies including defining hypotheses, selecting exposed and unexposed populations, following participants over time to measure outcomes, and analyzing the results. It also discusses advantages like assessing temporal relationships and examining multiple predictors, as well as disadvantages like potential confounding and loss to follow-up impacting validity.