article thumbnail

Being Conscious About Our Unconscious Biases

QAspire

The term ‘cognitive bias’ was coined by Amos Tversky and Daniel Kahneman in 1972 which quite simply means “our tendency to filter information, process facts and arrive at judgments based on our past experiences, likes/dislikes and automatic influences.”. Avoid using generic terms to describe people, situations and things.

Tversky 195
article thumbnail

The Business Lessons of the Belmont Stakes

Harvard Business Review

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. In the stock market, for instance, you need bulls and bears, long- and short-term investors, technicians and those who rely on fundamentals.

Beyer 14
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Business Lessons of the Belmont Stakes

Harvard Business Review

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. In the stock market, for instance, you need bulls and bears, long- and short-term investors, technicians and those who rely on fundamentals.

Beyer 10
article thumbnail

Why Those Guys Won the Economics Nobels

Harvard Business Review

The early tests that looked at the stock market and looked at short periods of time generally found pretty decent results consistent with the market efficiency insight. A lot of other stuff that looked at stocks and looked at short periods of time didn’t find much. 2 is this distinction between short-term vs. long-term predictability.

CAPM 8