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. Since 1950, only 3 of 21 have managed the feat, and none have done so since 1978. He's good, just not worth the price. This is called the inside view. But it gets worse.

Beyer 14

Beyer Tversky Price Kahneman 14

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. Since 1950, only 3 of 21 have managed the feat, and none have done so since 1978. He's good, just not worth the price. This is called the inside view. But it gets worse.

Beyer 9

Beyer Tversky Price Kahneman 9

Harvard Business Review

AUGUST 31, 2011

The last decade has seen an increased appreciation of behavioral economics and its effect on the practice of management. Their approach, however, does little to reveal the biases embedded in the assumptions held by management teams and reflected in the frameworks they use.

Kahneman 10

Kahneman Strategy Tversky Brand 10

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

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