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Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

Our instinct for determinism may well have been an evolutionary innovation. A probabilistic HR manager will examine the data about where a company’s best people come from and how they perform throughout their career to identify new sources of talent that may have been overlooked. Let’s consider a few examples.

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New Study Predicts Gloomy Economic Times Ahead For Americans

The Horizons Tracker

Walk away and default on the mortgage, with all of the credit rating implications. Retain the home and try and rent it out, which would impact any deposit they could put down on a home in their new region. “Our study highlights an important cost of home ownership,” the researchers explain.

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

Not for the highly-regarded work on competition between small numbers of firms with which his career began more than thirty years ago but for more recent work on how carefully structured regulation can improve performance relative to unbridled market forces. Why did Jean Tirole win the Nobel Prize in Economics?

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

Not for the highly-regarded work on competition between small numbers of firms with which his career began more than thirty years ago but for more recent work on how carefully structured regulation can improve performance relative to unbridled market forces. Why did Jean Tirole win the Nobel Prize in Economics?