of external experts. At the same time, we continually endeavor to overcome the behavioral biases Nobel Laureate Daniel Kahneman and his collaborator Amos Tverksy have shown to affect economic decision-making and tolerance for risk. These key characteristics of our investment process not only underpin our conti

w we first met. From my brief time as chair of the =tanford Psychology Department in the 1970s I recall two achievements: a =ew paint job and hiring Amos Tversky. Amos in turn brought Danny often =nto the Tversky's campus home. Some of my most treasured memories of =hat time were watching them thinking, talk

lectures by James G. March, on how psychological, social and other factors influenced decision-making. I particularly enjoyed learning from Professor Amos Tversky. Born in Haifa, he was half of an academic partnership with the psychologist Daniel Kahneman, who was also Israeli. They were investigating the effec

lectures by James G. March, on how psychological, social and other factors influenced decision-making. I particularly enjoyed learning from Professor Amos Tversky. Born in Haifa, he was half of an academic partnership with the psychologist Daniel Kahneman, who was also Israeli. They were investigating the effec

it is not accurate. In the domain of decision making, an extensive literature—spearheaded by the work of cognitive psychologists Daniel Kahneman and Amos Tversky—has documented the ways in which people deviate from the prescriptions of rational models. Kahneman and Tversky proposed that in many situations peop

ohn Searle’s Chinese Room and Isaac Asimov’s Three Laws of Robotics all appeal to the sorts of intuitions plaguing human brains that Daniel Kahneman, Amos Tversky, and others have demonstrated. The Chinese Room experiment posits that a mind composed of mechanical and Homo sapiens parts cannot be conscious, no m

it is not accurate. In the domain of decision making, an extensive literature—spearheaded by the work of cognitive psychologists Daniel Kahneman and Amos Tversky—has documented the ways in which people deviate from the prescriptions of rational models. Kahneman and Tversky proposed that in many situations peop

ohn Searle’s Chinese Room and Isaac Asimov’s Three Laws of Robotics all appeal to the sorts of intuitions plaguing human brains that Daniel Kahneman, Amos Tversky, and others have demonstrated. The Chinese Room experiment posits that a mind composed of mechanical and Homo sapiens parts cannot be conscious, no m