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Is Economics Ready for a New Model?

Harvard Business Review

You can find lots of scholars at top economics departments who study why bubbles and crashes happen, and how psychology and genetics shape individual decisionmaking. What you won't find is many who think the entire infrastructure of rationality-based economics needs to be tossed out. The other big idea in the 1988 article was chaos theory.

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Writing a Rejection Letter (with Samples)

Harvard Business Review

It’s not any easier to get rejected in that fashion, and writing that way undercuts your authority as a decisionmaker. ” Resist that temptation. If you’re the one issuing a rejection, own the rejection. ” But say “we,” not “they.”

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