Diversity Kahneman Sharpe Uncertainty 
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. For a market to be efficient, where price is an unbiased estimate of value, investors must be cognitively diverse. This is how the wisdom of crowds becomes the madness of crowds.
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. For a market to be efficient, where price is an unbiased estimate of value, investors must be cognitively diverse. This is how the wisdom of crowds becomes the madness of crowds.
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