The Business Lessons of the Belmont Stakes
Harvard Business Review
JUNE 8, 2012
Win or lose, I'll Have Another's situation provides useful lessons about business and markets. Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. When views are diverse, prices tend to reflect value reasonably well.
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