Harvard Business Review

JANUARY 27, 2014

Chance plays a much greater role in our careers than we might wish or even realize. But the downside — the thought of our careers as the playthings of fate — is almost unbearable. If you imagine a game of “career roulette,” you end up a starving artist 99 times for every time you end up a rockstar.

Career 8

Career Planning Kahneman Uncertainty 8

Harvard Business Review

OCTOBER 17, 2012

He was a complete outsider — in fact, he had never worked in the computer industry. The sociologist Robert Merton dubbed this "The Matthew Effect," where the rich (in every sense of the word, from money to status to fame) get richer just because advantages beget more advantages.

Company 14

Company Champy Merton Leadership 14

Harvard Business Review

SEPTEMBER 29, 2014

Ask them if they apply much else from else from economics in their actual business careers, and you’re likely to hear “not much.”. Firms in these industries and their customers who thereby benefit from lower prices (admittedly through processes they never see) benefit greatly. Here a few notable examples. Economists and big data.

Strategy 12

Strategy Black-Scholes Airlines Price 12

Harvard Business Review

NOVEMBER 29, 2010

He also founded Bubblegeneration, an agenda-setting advisory boutique that shaped strategies across media and consumer industries. Though the money supply did contract sharply, neither trade, commerce, nor industry came to a grinding halt. Imagine all the veins in your body suddenly shrinking and collapsing — Avada Kedavra!!

Banking 15

Banking Crisis Merton Guidelines 15