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.

Banking 8

Banking Tversky Real Estate Kahneman 8

Skip Prichard

JUNE 1, 2020

Daniel Kahneman. For example, Kyle is an EVP of large bank. I recently spoke with him about his work. We’re blind to our blindness. We have very little idea of how little we know. We’re not designed to know how little we know.” What does the research show us about how we feel our leaders are doing?

Leadership 106

Leadership Open-book Learning-by-Doing Quality 106

Harvard Business Review

FEBRUARY 11, 2013

On the surface, these results don't appear to synch with those reported by Daniel Kahneman, Jack L. In a Canadian telephone survey, Kahneman et al. Few of us are willing to say, "Sure, charge me more so you can fatten your bank account." Knetsch, and Richard H. 82% of respondents judged this action to be "unfair.".

Price 9

Price Kahneman Survey Constraint 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.

Kahneman 8

Kahneman Tversky Hedge Banking 8

Harvard Business Review

JUNE 13, 2012

It's easy to assume that Jamie Dimon, the accomplished CEO of JPMorgan Chase, was simply stonewalling when he claimed that mounting trading losses in his bank were "blown out of proportion" — that he was unaware of how grave the situation really was. But I believe that Dimon literally didn't see perceive disaster unfolding before him.

Banking 9

Banking Kahneman Document Simon 9

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. Risk modeling in the banks grew out of probability theory.

Uncertainty 10

Uncertainty Kahneman Banking System 10