Leading Blog
DECEMBER 25, 2011
Great by Choice : Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All by Jim Collins and Morten Hansen. Thinking, Fast and Slow by Daniel Kahneman. Practically Radical : Not-So-Crazy Ways to Transform Your Company, Shake Up Your Industry, and Challenge Yourself by William C.
Harvard Business Review
JULY 23, 2012
Those who see the world probabilistically seem to better navigate volatile environments because they are wired to embrace uncertainty. The psychologists Daniel Kahneman and Amos Tversky demonstrated quite convincingly that we human beings are not the model-optimizing "rational" actors that many economists historically believed we are.
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Harvard Business Review
JANUARY 27, 2014
Daniel Kahneman has claimed the following as his favorite equation: Success = talent + luck. Kahneman’s implication is that the difference between moderate and great success is mostly luck, not skill. In other words, we want to minimize the risk associated with high uncertainty in our careers. Here are three answers.
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. But most of our problems are about uncertainty.
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. Take the steel industry.
Harvard Business Review
AUGUST 14, 2018
And these factors have not stopped Western multinationals from succeeding in China in car manufacturing, fast-moving consumer goods, and even sectors where culture plays a key role, such as beer, coffee shops, fast food, and the film industry. underestimating the major differences between digital business and other industries.
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. Win or lose, I'll Have Another's situation provides useful lessons about business and markets. The first lesson is about adopting the inside versus the outside view.
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