Harvard Business Review

JANUARY 4, 2013

The field attracts the most students, enjoys the attention of policy-makers and journalists, and gains notice, both positive and negative, from other scientists.". "By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago.

Tversky 12

Tversky Crisis Levitt Consensus 12

Harvard Business Review

APRIL 2, 2014

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. It feels like it’s got a little bit of Kahneman and Tversky in it.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

JUNE 20, 2014

This popular triumph of the “ heuristics and biases ” literature pioneered by psychologists Daniel Kahneman and Amos Tversky has made us aware of flaws that economics long glossed over, and led to interesting innovations in retirement planning and government policy. We study what kind of simple heuristics could make the world safer.

Uncertainty 10

Uncertainty Kahneman Banking System 10