E-MailThe Corporate Risk-Taking Disconnect
Daniel Kahneman, 2002's co-Nobel prize winner in economics sciences, and the late Amos Tversky extensively documented the difficulties individuals have in the realm of judgment under uncertainty and decisionmaking in the face of risk. On a regular basis, I run across corporate examples of Kahneman's and Tversky's descriptive theories on human behavior and judgment. And through the understanding of these theories, I tend to smile while observing managers and executives dealing with risk as opposed to being frustrated with their sometimes seemingly lack of savvy on such matters. This article is dedicated to Daniel Kahneman and the late Amos Tversky and the topic is a corporate phenomenon I call the "corporate risk-taking disconnect."
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