article thumbnail

The End of Economists' Imperialism

Harvard Business Review

Two years later, in 2002, the co-leader of that invasion, Princeton psychology professor Daniel Kahneman, won an economics Nobel (the other co-leader, Amos Tversky, had died in 1996). Lazear acknowledged one such indicator in his article — the invasion of economics by psychological teachings about cognitive bias.

Tversky 12
article thumbnail

Why Those Guys Won the Economics Nobels

Harvard Business Review

It feels like it’s got a little bit of Kahneman and Tversky in it. It seems like the clearest practical lessons from this academic work have been in asset management. There are people very much steeped in this work, including you, who are out there managing stocks and other assets based on it.

CAPM 8