Harvard Business Review

JANUARY 27, 2014

The first question to answer is how much of the success in a given field, or for a given project, is due to chance. Evidence of the role of chance often comes in the form of high variance of performance – a right-skewed distribution of project outcomes. Here are three answers. The role of chance in determining performance .

Career 8

Career Planning Kahneman Uncertainty 8

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15

Banking Crisis Merton Guidelines 15

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, I'd suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodie's six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15

Banking Crisis Merton Decentralization 15