Harvard Business Review

SEPTEMBER 24, 2012

First-hand experience and best sellers like Daniel Kahneman's Thinking, Fast and Slow have confirmed an even broader range of behavioral vulnerabilities and vagaries in our abilities to make decisions as human beings. Develop systemic review processes that leave you a committed "out" possibility when trying to "cut the losses".

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Kahneman Risk Management How To Commitment 15

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 9

Uncertainty Kahneman Banking System 9

Harvard Business Review

JULY 2, 2013

As Nobel Prize-winning psychologist Daniel Kahneman has written, "For most people, the fear of losing $100 is more intense than the hope of gaining $150. While the phenomenon of loss aversion has been well-documented, it''s worth noting that Kahneman himself refers to "most people" — not all — when describing its prevalence.

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Kahneman Tversky Hedge Banking 8

Harvard Business Review

JULY 10, 2014

As a fund manager, I was very aware that the pain of losing money was markedly worse than the satisfaction of gaining an equal amount. I didn’t realize that noted academics Amos Tversky and Daniel Kahneman were studying this exact phenomenon, which they officially named “ loss aversion.”.

Tversky 8

Tversky Kahneman Hedge Analysis 8

Harvard Business Review

JUNE 13, 2012

Many recent crises cannot be explained by the misuse of information, as has been so well described by leading books on decision making (notably, Dan Ariely's 2008 book Predictably Irrational and Daniel Kahneman's 2011 book Thinking, Fast and Slow ). As it turns out, this type of failure is quite common.

Banking 9

Banking Kahneman Document Simon 9