Harvard Business Review

NOVEMBER 9, 2015

While we’re an investment firm, many of the things I’ve learned as CEO transcend any particular industry. That doesn’t mean I was a novice in promoting an idea; as a young analyst at Fidelity Investments, I needed to convince the managers of the large mutual funds to buy my stock ideas. That made a huge impact on me.

CEO 8

CEO Tversky Kahneman Travel 8

Harvard Business Review

JULY 10, 2014

There isn’t anyone successful at managing a mutual or hedge fund who avoids risk; we just need to face it carefully. Traditionally the industry encourages a solo approach to evaluating risk; at Fidelity Investments, where I worked for over two decades, each fund is assigned to one person who makes all the buying and selling decisions.

Tversky 8

Tversky Kahneman Hedge Analysis 8

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. The first lesson is about adopting the inside versus the outside view. That's about a 40% rate.

Beyer 14

Beyer Tversky Price Kahneman 14

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. A final example comes from the domain of career management.

Banking 8

Banking Tversky Real Estate Kahneman 8

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. The first lesson is about adopting the inside versus the outside view. That's about a 40% rate.

Beyer 10

Beyer Tversky Price Kahneman 10

Harvard Business Review

JULY 23, 2012

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. Those who see the world probabilistically seem to better navigate volatile environments because they are wired to embrace uncertainty.

Uncertainty 13

Uncertainty Tversky Kahneman Self-aware 13

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. What’s the problem with the way that turkey approached risk management?

Uncertainty 10

Uncertainty Kahneman Banking System 10