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The Surprising Power of Business Experiments

Skip Prichard

Daniel Kahneman. For centuries, we’ve built and organized scientific and technological knowledge through testable explanations and predictions. The behavioral economist Daniel Kahneman once noted that “if you follow your intuition, you will more often than not err by misclassifying a random event as systematic.

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Why Those Guys Won the Economics Nobels

Harvard Business Review

And that’s what these guys [the 2013 Nobel winners] did. It feels like it’s got a little bit of Kahneman and Tversky in it. That is, potentially amazing technology if you can only figure out how it works. Steve Ross , who was at Yale and now is at MIT, he did the basic theory. Lars is famous for that.

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