Browse

AUTHOR PROFILE

Search guide

STATISTICS

1947778



ABSTRACTS VIEWS

294351



VIEWS & DOWNLOAD

Browsing by Author Kahneman, Daniel

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results [1 - 1] / 1
    • Before You Make That Big Decision
    Authors: Kahneman, Daniel; Lovallo, Dan; Sibony, Olivier (2011-06)

    When an executive makes a big bet, he or she typically relies on the judgment of a team that has put together a proposal for a strategic course of action. After all, the team will have delved into the pros and cons much more deeply than the executive has time to do. The problem is, biases invariably creep into any team's reasoning-and often dangerously distort its thinking. A team that has fallen in love with its recommendation, for instance, may subconsciously dismiss evidence that contradicts its theories, give far too much weight to one piece of data, or make faulty comparisons to another business case. That's why, with important decisions, executives need to conduct a careful revi...