Remove Development Remove Kahneman Remove Management Remove Technology
article thumbnail

Do We Hold Algorithms To Higher Standards Than Humans?

The Horizons Tracker

Recently the World Economic Forum pondered whether organizations should be hiring an AI Ethics Officer to ensure that the algorithms being developed made fair and ethical decisions. “This could deepen existing structural injustices, skew power balances further, threaten human rights and limit access to resources and information.”

Kahneman 109
article thumbnail

The Surprising Power of Business Experiments

Skip Prichard

If you want to learn how to develop an experimentation organization, read on. Daniel Kahneman. And, as anyone who closely follows simulation and prototyping tools knows, their use has become pervasive in manufacturing businesses, even though companies still grapple with the integration and management issues I wrote about in 2003.

Power 94
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crack the Leadership Code

Skip Prichard

Daniel Kahneman. Technology has connected more people in more places at more times than ever before. Is it possible to develop empathy? The not so good news is that cognitive empathy needs to be developed. A key to developing curiosity is inquiry. I recently spoke with him about his work. Oprah Winfrey.

article thumbnail

When Human Judgment Works Well, and When it Doesn’t

Harvard Business Review

A number of people noted that Nobel prize-winner Daniel Kahneman’s work, nicely summarized in his 2011 book Thinking Fast and Slow , influenced their thinking a great deal. What’s really interesting, though, is that the two of them ended up in complete agreement about the conditions required for good intuition to develop.

article thumbnail

Why Western Digital Firms Have Failed in China

Harvard Business Review

The term “digital firms” refers to those companies that from their inception have focused on digital services enabled by the internet and related technologies, including mobile. poor management of relations with Chinese regulators and the government. failure to manage relations effectively with local business partners.

article thumbnail

Why Companies Are Betting Against Big Ideas

Harvard Business Review

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.'.

article thumbnail

How to Improve Your Decision-Making Skills

Harvard Business Review

Daniel Kahneman, who won a Nobel Prize in economics for his work on cognitive biases, points out in an HBR article that a team that has fallen in love with its theories may unconsciously ignore or reject contradictory evidence, place too much weight on one piece of data, or make faulty comparisons to another business case that suits its bias.