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Why We Shouldn't Bank on Growth

Harvard Business Review

OCTOBER 9, 2012

Psychologists Daniel Kahneman and Amos Tversky attributed this tendency to what they called the "availability" heuristic (rule of thumb): our minds give inordinately heavy weighting to the most readily available/recent/vivid data and experiences. China today represents approximately 50% of global steel production and consumption.

Banking 8
Banking Tversky Real Estate Kahneman 8
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Keep Experts on Tap, Not on Top

Harvard Business Review

JULY 23, 2012

Those who see the world probabilistically seem to better navigate volatile environments because they are wired to embrace uncertainty. The psychologists Daniel Kahneman and Amos Tversky demonstrated quite convincingly that we human beings are not the model-optimizing "rational" actors that many economists historically believed we are.

Uncertainty 13
Uncertainty Tversky Kahneman Self-aware 13
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