Harvard Business Review

APRIL 9, 2018

We found that firms tend to choose directors who are much more likely to be male, have a large network, have a lot of board experience, currently serve on more boards, and have a finance background. Alternatively, it could be that because of behavioral biases, management is not able to select effective directors as well as an algorithm.

Company 9

Company Kahneman Learning-by-Doing CEO 9

Harvard Business Review

JANUARY 4, 2013

Two years later, in 2002, the co-leader of that invasion, Princeton psychology professor Daniel Kahneman, won an economics Nobel (the other co-leader, Amos Tversky, had died in 1996). Lazear acknowledged one such indicator in his article — the invasion of economics by psychological teachings about cognitive bias.

Tversky 11

Tversky Crisis Levitt Consensus 11

Harvard Business Review

JUNE 13, 2012

Strikingly, the executives involved in these cases did not make the classic decision-making errors that have been so well documented in the fields of behavioral decision research, behavioral economics, and behavioral finance. As it turns out, this type of failure is quite common.

Banking 9

Banking Kahneman Document Simon 9

Harvard Business Review

FEBRUARY 24, 2015

The outsiders provide new blood in support functions such as finance, legal, or administration. And while luck plays a much bigger role in explaining business success than managers like to believe, as Daniel Kahneman points out, the examples here clearly demonstrate that you can always give luck a helping hand.

Chemicals 8

Chemicals How To Kahneman Reputation 8

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

Harvard Business Review

APRIL 2, 2014

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. It feels like it’s got a little bit of Kahneman and Tversky in it.

CAPM 8

CAPM Discount Price Finance 8