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risk averse

“How Loss Aversion may unconsciously impact our strategic thinking”

Friday October 21st, 2011 1 comment

Wikipedia provides the following definition for the psychological phenomenon known as Loss Aversion: “In economics and decision theory, loss aversion refers to people’s tendency to strongly prefer avoiding losses to acquiring gains. Some studies suggest that losses are two and a half times as powerful, psychologically, as gains. Loss aversion was first convincingly demonstrated by Amos Tversky and Daniel Kahneman”…

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“How Dilemmas Management will help your strategic thinking”

Saturday October 15th, 2011 0 comments

In a recent discussion, a psychiatrist friend of mine elaborated around the notion of “choice” and I found it particularly relevant to our professional lives: “Many people at the executive levels display one form or another of perfectionism. They are therefore very hard on themselves and their people. Referring to the risk aversion theory (which I was checking with him),…

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