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Understanding Decision Bias

CO2

He who knows not and knows that he knows not, He is a child, teach him. – Arabian proverb As an executive coach, I have read many books about executive coaching and leadership. Of all the taxonomies, the one I like best is one of the least well known.

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Decision Bias

CO2

As an executive coach, I have read many books about executive coaching and leadership. I have attended programs at some of the finest executive coaching and leadership training programs in the world. First, Arnott reviewed some of the most prominent taxonomies: Tversky and Kahneman (1974) Three General Purpose Heuristics.

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Decision Bias

CO2

As an executive coach, I have read many books about executive coaching and leadership. I have attended programs at some of the finest executive coaching and leadership training programs in the world. First, Arnott reviewed some of the most prominent taxonomies: Tversky and Kahneman (1974) Three General Purpose Heuristics.

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The Business Lessons of the Belmont Stakes

Harvard Business Review

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. To continue with our example, instead of thinking about how a particular acquisition will succeed, an executive might ask what percent of deals end up being good for the acquirer.

Beyer 14
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Reframe Your Strategy to Avoid Hidden Biases

Harvard Business Review

The last decade has seen an increased appreciation of behavioral economics and its effect on the practice of management. Their approach, however, does little to reveal the biases embedded in the assumptions held by management teams and reflected in the frameworks they use. But such case studies are not a scientific justification.

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The Business Lessons of the Belmont Stakes

Harvard Business Review

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. To continue with our example, instead of thinking about how a particular acquisition will succeed, an executive might ask what percent of deals end up being good for the acquirer.

Beyer 10
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The End of Economists' Imperialism

Harvard Business Review

Lazear went on to describe how economists, with the University of Chicago's Gary Becker leading the way , had been running roughshod over the other social sciences — using economic tools to study crime, the family, accounting, corporate management, and countless other not strictly economic topics.

Tversky 10