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Why Do Prices Rise Faster Than They Fall?

The Horizons Tracker

A new study from the Kellogg School offers a different view, borrowing an idea from psychology popularized by Daniel Kahnemans book Thinking, Fast and Slow. While marketers have long understood the value of nudging consumers toward certain choices, economists have generally assumed that people make the best possible decisions.

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Innovating Now for a Post COVID19 World

Innovation Excellence

COVID19 will change the way we behave, conduct business, and indeed how we innovate for years to come. But how can the innovation community help nudge us in that direction in the face of inevitable economic and social challenges? The good news is that without tough problems, we wouldn’t need innovation, so this is an opportunity.

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Workplace Culture: Productive People Make High-performing Teams That Produce Rapid Results

Innovation Excellence

Daniel Kahneman encompassed this philosophy perfectly when he said, “It’s easy to strive for perfection when you are never bored” (Opening credits, audiobook exclusive). You would be hard-pressed to find someone who has never written down a to-do list on a scrap of paper, and the market for task management software is steadily growing.

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The Persistence of the Innovator's Dilemma

Harvard Business Review

The most punishing innovations, they argued, were the ones that were easy to dismiss at first blush — simple, affordable solutions that took root outside the mainstream market. Yet, the innovator's dilemma persists. Capital markets is one explanation. That's not to say that there haven't been success stories.

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Why Companies Are Betting Against Big Ideas

Harvard Business Review

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.'.

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Why Western Digital Firms Have Failed in China

Harvard Business Review

However, they have all failed in China, the world’s largest digital market. Google, for example, has succeeded in dominating many foreign markets that have radically different political systems and cultures (including Indonesia, Thailand, and Saudi Arabia). market on China. market on China.

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Happiness and Your Company

Harvard Business Review

It's inspired by the coming together of disparate disciplines including positive psychology, welfare economics, hedonomics, neuroscience, and marketing, For a long time there have been counter-intuitive signs leading Nobel prize winners like Amartya Sen, Jospeh Stigliz and Dan Kahneman, to question the meaning of prosperity.

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