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A Case for Group Risk-Taking

Harvard Business Review

I didn’t realize that noted academics Amos Tversky and Daniel Kahneman were studying this exact phenomenon, which they officially named “ loss aversion.”. 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. What are the potential downsides?

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The Cognitive Revolution

Coaching Tip

Their work gives us a better grasp of emotions, intuitions, biases, longings, predispositions, character traits and social bonding; precisely those things about which our culture has least to say. According to research by Daniel Kahneman, Alan B. Brain science helps fill the hole left by the atrophy of theology and philosophy.

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Why Those Guys Won the Economics Nobels

Harvard Business Review

[A mini-glossary: beta is the amount that an individual stock fluctuates relative to the overall stock market, and the equity premium is the difference in expected return between stocks and a “riskless” asset such as Treasury bonds.]. It feels like it’s got a little bit of Kahneman and Tversky in it.

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