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What I Didn’t Know About Becoming a CEO

Harvard Business Review

That doesn’t mean I was a novice in promoting an idea; as a young analyst at Fidelity Investments, I needed to convince the managers of the large mutual funds to buy my stock ideas. And yet from the minute we received our SEC approval to manage clients’ assets, I became our chief salesperson. That made a huge impact on me.

CEO 8
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Reframe Your Strategy to Avoid Hidden Biases

Harvard Business Review

The last decade has seen an increased appreciation of behavioral economics and its effect on the practice of management. Their approach, however, does little to reveal the biases embedded in the assumptions held by management teams and reflected in the frameworks they use. These will often be the ones that appeal less.

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The Business Lessons of the Belmont Stakes

Harvard Business Review

Win or lose, I'll Have Another's situation provides useful lessons about business and markets. Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. Since 1950, only 3 of 21 have managed the feat, and none have done so since 1978.

Beyer 14
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Your Judgment of Risk Is Compromised

Harvard Business Review

Since then, numerous studies have found evidence of the bias at racetracks and other sports betting markets all around the world. Indeed, it is probably the most discussed empirical regularity in sports gambling markets, and the literature documenting it now runs to well over a hundred scientific papers.

Tversky 11
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A Case for Group Risk-Taking

Harvard Business Review

There isn’t anyone successful at managing a mutual or hedge fund who avoids risk; we just need to face it carefully. When results are strong, the manager basks in the glow, prestige, and compensation attached to outperformance. Collaboration Decision making Risk management' What are the potential downsides?

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The Business Lessons of the Belmont Stakes

Harvard Business Review

Win or lose, I'll Have Another's situation provides useful lessons about business and markets. Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. Since 1950, only 3 of 21 have managed the feat, and none have done so since 1978.

Beyer 10
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The End of Economists' Imperialism

Harvard Business Review

"By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago. 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).

Tversky 11