Harvard Business Review

JULY 23, 2012

The psychologists Daniel Kahneman and Amos Tversky demonstrated quite convincingly that we human beings are not the model-optimizing "rational" actors that many economists historically believed we are. They were truly knowledgeable within their domain, but it was often developments outside of their domain that derailed their predictions.

Uncertainty 14

Uncertainty Tversky Kahneman Self-aware 14

Harvard Business Review

FEBRUARY 29, 2012

This idea of prospect theory, developed by Tversky and Kahneman and reported in a classic 1979 article (for which the Nobel prize was awarded) demonstrated that individuals do not make decisions rationally by selecting options with the highest expected value, because they are risk-averse and 'losses loom larger than gains.'.

Kahneman 16

Kahneman Tversky Company Innovation 16

Harvard Business Review

AUGUST 31, 2011

The last decade has seen an increased appreciation of behavioral economics and its effect on the practice of management. Their approach, however, does little to reveal the biases embedded in the assumptions held by management teams and reflected in the frameworks they use. But such case studies are not a scientific justification.

Kahneman 12

Kahneman Strategy Tversky Brand 12

Harvard Business Review

JUNE 8, 2012

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. Since 1950, only 3 of 21 have managed the feat, and none have done so since 1978. The first lesson is about adopting the inside versus the outside view. But it gets worse.

Beyer 15

Beyer Tversky Price Kahneman 15

Harvard Business Review

JUNE 8, 2012

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. Since 1950, only 3 of 21 have managed the feat, and none have done so since 1978. The first lesson is about adopting the inside versus the outside view. But it gets worse.

Beyer 12

Beyer Tversky Price Kahneman 12

Harvard Business Review

APRIL 2, 2014

Campbell’s work has also made liberal use of the analytic tools developed by Hansen. Others, most notably money managers and former Fama students Cliff Asness and John Liew in an epic Institutional Investor article , have done a lot recent to clarify how Fama’s ideas and Shiller’s can at least co-exist peacefully.

CAPM 10

CAPM Discount Price Finance 10

Harvard Business Review

JUNE 20, 2014

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. What’s the problem with the way that turkey approached risk management?

Uncertainty 14

Uncertainty Kahneman Banking System 14