Harvard Business Review

APRIL 9, 2018

Ever since Adam Smith published The Wealth of Nations in 1776, observers have bemoaned boards of directors as being ineffective as both monitors and advisors of management. 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

JUNE 13, 2012

At a meeting on April 8, Drew assured Dimon and the operating committee of JPMorgan that the trades were being well managed and would work out. Many NASA and Morton Thiokol managers failed to notice the obvious data suggesting it was too cold to launch the Space Shuttle Challenger in 1986. MORE ON MANAGING RISKY BEHAVIORS.

Banking 9

Banking Kahneman Document Simon 9

Harvard Business Review

JANUARY 4, 2013

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 11

Tversky Crisis Levitt Consensus 11

Harvard Business Review

FEBRUARY 24, 2015

Conversely, the business may be an “unpolished diamond” that was neglected by its former management for too long and whose value is just waiting to be unlocked. Does the business have a complete, balanced, and cohesive management team? Are the management team and owners prepared to abandon business as usual?

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. What’s the problem with the way that turkey approached risk management?

Uncertainty 9

Uncertainty Kahneman Banking System 9

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