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The Planning Fallacy and the Innovator's Dilemma

Harvard Business Review

The basic concept , first presented by Nobel Laureate Daniel Kahneman and his partner Amos Tversky in an influential 1979 paper, is that human beings are astonishingly bad at estimating how long it will take to complete tasks. Do we need to increase the amount of resources (both human and financial) we are investing in growth?

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What I Didn’t Know About Becoming a CEO

Harvard Business Review

Of course, I love whenever we outperform our benchmark or peer group, but the pain of underperforming is much more painful than the pleasure of winning the same amount, a phenomenon studied at length by Daniel Kahneman and Amos Tversky. And I was startled to learn how much my attitude still sets a tone around the office.

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Instinct Can Beat Analytical Thinking

Harvard Business Review

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. That’s a good strategy if you have a business in a very stable world.