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Crack the Leadership Code

Skip Prichard

Daniel Kahneman. No matter what technical skills you have or what industry you work in, ultimately, you’re in the people business. Technology has connected more people in more places at more times than ever before. Today, leaders need to become skilled facilitators. Collaborative leaders call on a variety of skills.

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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.

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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. Anesthesiologists are therefore in a better position to develop useful intuitive skills.” Why is this? Let’s turn to the theory.

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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.'.