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 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. 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

AUGUST 31, 2011

These biases arise from what Kahneman and his long-time research partner Amos Tversky call framing. Focusing on trying to damage a competitor increases the tolerance for self-harm — e.g. engaging in a price war or overpaying for an acquisition. Framing defines the way we approach problems or seek to achieve objectives.

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