Harvard Business Review

JANUARY 27, 2014

Daniel Kahneman has claimed the following as his favorite equation: Success = talent + luck. Kahneman’s implication is that the difference between moderate and great success is mostly luck, not skill. Chance plays a much greater role in our careers than we might wish or even realize. There are no “starving dentists.”

Career 8

Career Planning Kahneman Uncertainty 8

Harvard Business Review

AUGUST 8, 2012

It is true for companies and it is true for careers. But he couldn't kick the feeling that the career path he was on was just a close counterfeit for the path he should really be on. that again left him feeling he was close to the right career path, but not quite there yet. We can do the same with our career choices.

Kahneman 20

Kahneman Objective Collins Career 20

Leading Blog

MAY 3, 2013

A remarkable aspect of your mental life," says Daniel Kahneman, "is that you are rarely stumped." Forty-four percent of lawyers would not recommend a career in law to young people. "Why do we have such a hard time making good choices?" ask Chip and Dan Heath in Decisive. "A We often just go with our gut. . •

How To 285

How To Kahneman Short-term Letter 285

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. A final example comes from the domain of career management.

Banking 8

Banking Tversky Real Estate Kahneman 8

Harvard Business Review

JUNE 21, 2012

Daniel Kahneman and Amos Tversky provide perhaps the best theoretical framework in which to understand the phenomenon. Embracing Risk in Career Decisions. Indeed, it is probably the most discussed empirical regularity in sports gambling markets, and the literature documenting it now runs to well over a hundred scientific papers.

Tversky 11

Tversky Kahneman Rate of Return Sports 11

Harvard Business Review

FEBRUARY 29, 2012

This idea of prospect theory, developed by Tversky and Kahneman and reported in a classic 1979 article (for which the Nobel prize was awarded) demonstrated that individuals do not make decisions rationally by selecting options with the highest expected value, because they are risk-averse and 'losses loom larger than gains.'.

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Kahneman Tversky Company Innovation 14

Harvard Business Review

JULY 23, 2012

The psychologists Daniel Kahneman and Amos Tversky demonstrated quite convincingly that we human beings are not the model-optimizing "rational" actors that many economists historically believed we are. Those who see the world probabilistically seem to better navigate volatile environments because they are wired to embrace uncertainty.

Uncertainty 13

Uncertainty Tversky Kahneman Self-aware 13

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. It is not, however, the only lens through which to view decision-making.

Uncertainty 10

Uncertainty Kahneman Banking System 10