Bias Has Been Overestimated at the Expense of Noise
Daniel Kahneman (Nobel 2002) is of course known for his extensive work on behavioral biases and how they affect economic decisions. He's now working on a new book, together with Olivier Sibony and Cass Sunstein, in which he focuses instead on the concept of "noise".
- 11/04/2019
- 5
Replacing LIBOR: An International Overview
LIBOR stands for "London Interbank Offered Rate." For a long time, it was probably most common benchmark interest rate in the world--that is, it was the built into trillions of dollars worth of loans and financial contracts that if the LIBOR interest rate went up or down, the contract would adjust accordingly.
- 11/04/2019
- 5
The Benefits of Blockchain
Although the business value promised by the technology makes it a tantalizing proposition for all businesses, leaders must avoid the trap of feeling the need for blockchain driven purely by the fear of missing out.
- 11/04/2019
- 5
Solve Problems and Innovate as an Anticipatory Leader™
Anticipatory Leaders™ understand that we are at a unique point in human history, filled with waves of disruption and opportunity. We are doing things today that were impossible just a few years ago. If you look at the Hard Trends that are shaping the future, you can easily see that we will be doing things two years from now that are impossible today. That means the old rule, The Big Eat the Small, is being replaced by a new rule, The Fast Eat the Slow. They know this new reality is driven by the exponentially increasing rate of technology-driven change. Many wonder why so many established organizations of all sizes are moving so slow. The answer is simple: they think they are moving fast. But in this new era, they’re actually moving slower than they realize.
- 11/04/2019
- 4
An A+ Punishment for Felicity and Others: Create Cy Pres Awards
Those pleading guilty in the college admissions scandal can donate large sums of money to a cy pres fund that benefits low income kids and the non-elite small colleges that serve them.
- 10/04/2019
- 5
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