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4 Steps to Make Decisions on the Fly

Lead Change Blog

Daniel Kahneman defined these two ways of thinking in his 2011 book Thinking Fast and Slow. Kahneman describes the fast-thinking experiencing self and a slow-thinking remembered-thinking self, combined in the four-step process below. The fast thinking method includes the experiencing and acting steps (steps 1 and 4 below).

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12 Reads for 2012

LDRLB

A fantastic case for a better management perspective, mainly that little things like progress can affect big things like profitability. Perhaps the most under-rated book on evidence-based management. Perhaps 2011’s greatest text on organizational creativity and innovation. Thinking Fast and Slow by Daniel Kahneman.

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WOMEN: Moments in Your Day

Women in the LEAD

As a leader, co-worker, friend, mom, sister, wife or partner, it also reminds us how important our words and actions can be in influencing someone else's moments and experience: " According to Nobel Prize-winning scientist Daniel Kahneman, we experience approximately 20,000 individual moments in a waking day.

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When Human Judgment Works Well, and When it Doesn’t

Harvard Business Review

A number of people noted that Nobel prize-winner Daniel Kahneman’s work, nicely summarized in his 2011 book Thinking Fast and Slow , influenced their thinking a great deal. .” This is true, and what’s amazing is that these are exactly the conditions under which algorithms do better than people. Why is this?

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Can Being Overconfident Make You a Better Leader?

Harvard Business Review

Daniel Kahneman, the 2002 Nobel prize laureate and psychologist, has said that if he had a magic wand, he’d eliminate it. companies over the period from 1993 to 2011, asking the following question: Is there systematic evidence that overconfident CEOs are indeed better leaders? Most of us think of overconfidence as a bad thing.

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Research: Could Machine Learning Help Companies Select Better Board Directors?

Harvard Business Review

Ever since Adam Smith published The Wealth of Nations in 1776, observers have bemoaned boards of directors as being ineffective as both monitors and advisors of management. corporations between 2000 and 2011. How well this approach to selecting directors will be received by management is an open question.

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

Harvard Business Review

In 2011, the company dropped its requirement to exit investment positions when losses exceeded $20 million. At a meeting on April 8, Drew assured Dimon and the operating committee of JPMorgan that the trades were being well managed and would work out. MORE ON MANAGING RISKY BEHAVIORS. Manage Risk Like a Royal Marine.