“An executive might have a very strong intuition that a given product has promise, without considering the probability that a rival is already ahead in developing the same product.”
Quote by Daniel Kahneman
Author
Daniel Kahneman
Daniel Kahneman is a renowned psychologist known for his work in behavioral economics and decision theory. Born on March 5, 1934, he is of Israeli descent and has worked and studied in Israel, the United States, and Canada. Kahneman's research has had a profound impact on modern economics, psychology, and business decision-making. more
You May Also Like
Source: Walter Bagehot: A Study of His Life and Thought, Together with a Selection from His Political Writings
“The amount of success it takes for leaders to become overconfident isn't terribly large.”
“Actually I feel sorry for the bully because they probably don't have love and support at home.”