Harvard Business Review

JUNE 8, 2012

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. He's good, just not worth the price. For a market to be efficient, where price is an unbiased estimate of value, investors must be cognitively diverse.

Beyer 10

Beyer Tversky Price Kahneman 10

Harvard Business Review

SEPTEMBER 7, 2016

Organizations are increasingly favoring algorithms in an effort to make organizational decision making and judgment more rigorous, be it for setting prices or for selecting candidates to interview for a job. Gandhi: Our collaborations with companies can sometimes include helping them overcome this aversion.

Management 8

Management Kahneman Reference Price 8

Harvard Business Review

AUGUST 8, 2012

We can see this in companies that were once darlings of Wall Street, but later collapsed. In his book How the Mighty Fall , Jim Collins explored this phenomenon and found that one of the key reasons for these failures was that companies fell into "the undisciplined pursuit of more." It is true for companies and it is true for careers.

Kahneman 21

Kahneman Objective Collins Career 21

Harvard Business Review

NOVEMBER 9, 2015

How leading companies connect with customers. Overall, peer observation was equal in importance to the brand advertising on which companies spend billions. Just adding figures to a website on how many people are buying increases both sales and the price customers will pay. Insight Center. The New Tools of Marketing.

Productivity 8

Productivity Products Hotels Kahneman 8

Harvard Business Review

FEBRUARY 24, 2015

There is little consensus as to whether firms that find themselves spun off from other companies – either as new, standalone companies, or under the stewardship of new parent companies – perform better or worse than they did before. Does the business have a complete, balanced, and cohesive management team?

Chemicals 8

Chemicals How To Kahneman Reputation 8

Harvard Business Review

OCTOBER 9, 2012

Psychologists Daniel Kahneman and Amos Tversky attributed this tendency to what they called the "availability" heuristic (rule of thumb): our minds give inordinately heavy weighting to the most readily available/recent/vivid data and experiences. By May 2009, the company was being valued at $10 billion.

Banking 8

Banking Tversky Real Estate Kahneman 8

Harvard Business Review

JANUARY 12, 2015

Ethical consumerism is the broad label for companies providing products that appeal to people’s best selves (for example, fair trade coffee or a purchase that includes a donation to a charitable cause). This pessimistic stance stems primarily from the lower sales of ethical brands. We cannot shop our way to a better world.”

Ethics 8

Ethics Marketing Brand Morale 8

Harvard Business Review

APRIL 2, 2014

The prizes were awarded “for their empirical analysis of asset prices,” but what the three had been doing looked from the outside less like a common endeavor than a not-all-that-coherent argument. So I wanted to see if Campbell could make sense of the prizes and the current state of academic knowledge about asset prices.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

DECEMBER 19, 2012

But should that verity excuse the company from exploring cheap and simple opportunities for efficiency? Behavioral economists like Dan Ariely and Nobel laureate economist Daniel Kahneman would say the framing of survey questions reflects a desire to capture what's most important or detect emergent pathologies.

Kahneman 9

Kahneman Survey Brand Efficiency 9