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Prospect Theory is the basis for human error and the solurtion
Noise is pervasive in human decision-making. According to the book Noise where there is human judgement there is noise and more of it than anyone anticipates and explains why humans seldom solve these problems even though they seem obvious once the noise is revealed.
Why you must include behavioral science in mananagement practice. Economics is the study of human behavior so why do we not incorporate behavior in corporate governance?
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