Harvard Business Review

JANUARY 4, 2013

Economic imperialism" was the name he gave to this phenomenon (and to his article, which was published in the February 2000 issue of the Quarterly Journal of Economics ). Lazear acknowledged one such indicator in his article — the invasion of economics by psychological teachings about cognitive bias.

Tversky 12

Tversky Crisis Levitt Consensus 12

Harvard Business Review

APRIL 9, 2018

We found that firms tend to choose directors who are much more likely to be male, have a large network, have a lot of board experience, currently serve on more boards, and have a finance background. Alternatively, it could be that because of behavioral biases, management is not able to select effective directors as well as an algorithm.

Company 9

Company Kahneman Learning-by-Doing CEO 9

Harvard Business Review

JUNE 13, 2012

On April 4 of this year, Dimon read a short article in the Wall Street Journal about a JPMorgan trader in London, Bruno Iksil, who was making massive bets that exposed the bank to high levels of risk. Dimon likely would not have approved of the bets if he had known they were occurring. As it turns out, this type of failure is quite common.

Banking 9

Banking Kahneman Document Simon 9

Harvard Business Review

APRIL 2, 2014

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. It feels like it’s got a little bit of Kahneman and Tversky in it.

CAPM 8

CAPM Discount Price Finance 8