Remove Article Remove Career Remove Kahneman Remove Management
article thumbnail

3 Things You Need to Control to Succeed as a Leader

Leading Blog

Daniel Kahneman, who won the Nobel Prize for his research on behavioral economics, calls them System 1 and 2. The autopilot system leads to us making too-optimistic plans and ignore weaknesses and threats in our businesses and our careers. Roughly speaking, we have two thinking systems. Magazine , and elsewhere.

Kahneman 261
article thumbnail

Book Recommendations: Some Must-Reads for HR Professionals

HR Digest

Human Resource Management (HRM) is a broad term that encompasses human resources management, employee relations , compensation, benefits, training, performance evaluation, recruitment, selection, and other related activities. This article will look at some of the best HR books for professionals. Let’s begin.

Books 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

Book Recommendations: Some Must-Reads for HR Professionals

HR Digest

Human Resource Management (HRM) is a broad term that encompasses human resources management, employee relations , compensation, benefits, training, performance evaluation, recruitment, selection, and other related activities. This article will look at some of the best HR books for professionals. Let’s begin.

Books 52
article thumbnail

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.'.

article thumbnail

Your Judgment of Risk Is Compromised

Harvard Business Review

Daniel Kahneman and Amos Tversky provide perhaps the best theoretical framework in which to understand the phenomenon. According to data published by Erik Snowberg and Justin Wolfers, in their article Explaining the Favorite-Long Shot Bias: Is it Risk-Love or Misperceptions? MORE ON MANAGING RISKY BEHAVIORS.

Tversky 11