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The Planning Fallacy and the Innovator's Dilemma

Harvard Business Review

The basic concept , first presented by Nobel Laureate Daniel Kahneman and his partner Amos Tversky in an influential 1979 paper, is that human beings are astonishingly bad at estimating how long it will take to complete tasks. How about new product introductions? There are certainly outliers. But the basic pattern continues.

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Income Inequality Makes Whole Countries Less Happy

Harvard Business Review

A 2010 paper by psychologist Daniel Kahneman and economist Angus Deaton, both Nobel laureates, calculated that day-to-day happiness peaks at an income of $75,000 a year, after which it plateaus. (At This research builds on some earlier, seminal research on how much money we need to make us happy.

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How to Know If a Spin-Off Will Succeed

Harvard Business Review

A 2010 meta-analysis detailed many of the different issues that make divestiture so hard to evaluate consistently. These preparatory steps are of particular importance for carve-outs that are not full-fledged business units with profit & loss responsibility, such as R&D centers or production units whose only customer is their parent.

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Ethical Consumerism Isn’t Dead, It Just Needs Better Marketing

Harvard Business Review

Ethical consumerism is the broad label for companies providing products that appeal to people’s best selves (for example, fair trade coffee or a purchase that includes a donation to a charitable cause). But people regularly buy hybrid cars, organic foods, environmentally-friendly detergents and Warby Parker glasses.

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