Remove Development Remove Finance Remove Kahneman
article thumbnail

How Could I Miss That? Jamie Dimon on the Hot Seat

Harvard Business Review

Strikingly, the executives involved in these cases did not make the classic decision-making errors that have been so well documented in the fields of behavioral decision research, behavioral economics, and behavioral finance. As it turns out, this type of failure is quite common.

Banking 14
article thumbnail

Why Those Guys Won the Economics Nobels

Harvard Business Review

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. It feels like it’s got a little bit of Kahneman and Tversky in it.

CAPM 9
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Know If a Spin-Off Will Succeed

Harvard Business Review

The outsiders provide new blood in support functions such as finance, legal, or administration. Decisive actions are required to tackle the factors that prompted the spin-off in the first place, which in many cases are underperformance and/or a lack of strategic fit leading to chronic underinvestment in the development of the business.

article thumbnail

Instinct Can Beat Analytical Thinking

Harvard Business Review

This popular triumph of the “ heuristics and biases ” literature pioneered by psychologists Daniel Kahneman and Amos Tversky has made us aware of flaws that economics long glossed over, and led to interesting innovations in retirement planning and government policy. It is not, however, the only lens through which to view decision-making.