Publications

2010
Working Paper

Overconfidence by Bayesian Rational Agents

By: Eric Van den Steen

This paper derives two mechanisms through which Bayesian-rational individuals with differing priors will tend to be relatively overconfident about their estimates and predictions, in the sense of overestimating the precision of these estimates. The intuition behind one... View Details

Keywords: Risk and Uncertainty; Measurement and Metrics; Game Theory; Forecasting and Prediction

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2010
Chapter

Leadership in a Globalizing World

By: Rosabeth Moss Kanter

In this chapter, world-renowned business expert, author, and Harvard Business School professor Rosabeth Moss Kanter asks the question, "Is leadership different in a globalizing world--one of broadening horizons and burgeoning sources of ideas and supplies--than in... View Details

Keywords: Risk and Uncertainty; Globalized Firms and Management; Leadership; Research; Complexity; Diversity

April 1992 (Revised February 1996)
Case

CFM International, Inc.

In April 1987 the management team of CFM International, Inc. (CFMI) was considering developing a new jet engine for the Airbus A340. The withdrawal of a competitor's engine had created an unforeseen opportunity for CFMI to re-enter a competition it had apparently lost... View Details

Keywords: Risk and Uncertainty; Partners and Partnerships; Investment; Globalized Markets and Industries; Manufacturing Industry; Air Transportation Industry

01 Jun 2002
News

Up to the Challenge: Profiles from the Class of 2002

sky-high expectations at the turn of the millennium has been replaced by a climate of uncertainty marked by color-coded terrorism alerts, horrific Middle East violence, and the precipitous downfall of a seemingly indomitable corporate... View Details

June 1998
Case

PDVSA & CITGO: Plans for Transformation

By: Ashish Nanda

Supplements PDVSA & CITGO: Seeking Stability in an Uncertain World. View Details

Keywords: Risk and Uncertainty; Balance and Stability

April 1995 (Revised May 1995)
Teaching Note

Exercises on the Value of Information (TN)

By: David E. Bell

Teaching Note for (9-893-006). View Details

Keywords: Decisions; Information; Risk and Uncertainty

2003
Other Unpublished Work

Short Selling in Practice--Intermediating Uncertain Share Availability

By: Gene M D'Avolio and André Perold

Keywords: Stocks; Risk and Uncertainty

18 Jun 2018
Working Paper Summaries

A Measure of Risk Appetite for the Macroeconomy

Keywords: by Carolin E. Pflueger, Emil Siriwardane, and Adi Sunderam

Article

Guilt Enhances the Sense of Control and Drives Risky Judgments

By: Maryam Kouchaki, Christopher Oveis and F. Gino

The present studies investigate the hypothesis that guilt influences risk-taking by enhancing one's sense of control. Across multiple inductions of guilt, we demonstrate that experimentally induced guilt enhances optimism about risks for the self (Study 1), preferences... View Details

Keywords: Risk and Uncertainty; Behavior; Emotions

fall 1982
Article

Risk-Spreading Properties of Common Tax and Contract Instruments

By: James K. Sebenius and Peter Stan

Keywords: Risk and Uncertainty; Taxation; Contracts

February 2000 (Revised April 2000)
Case

RadioShack

By: V. Kasturi Rangan, Youngme E. Moon and Marie Bell

Outlines the transformation of RadioShack stores from a parts and accessories business to a provider of high bandwidth Internet access. View Details

Keywords: Change Management; Marketing Strategy; Risk and Uncertainty; Internet

August 1996
Article

Willingness to Pay and the Distribution of Risk and Wealth

By: John W. Pratt and Richard Zeckhauser

Keywords: Risk and Uncertainty; Wealth

September 2001
Technical Note

Technical Note on Consideration: Floors, Caps, and Collars

By: Carliss Y. Baldwin

As equity-linked consideration has become more popular in acquisition and alliances, so has the use of the "price-protection" mechanisms, known variously as floors, caps, and collars. In general, these are contractual agreements that provide insurance to the... View Details

Keywords: Risk and Uncertainty; Price; Acquisition

November 1983
Article

On the Problems of Applying Ramsey Pricing to the Railroad Industry with Uncertain Demand Elasticities

By: William B. Tye and Dutch Leonard

Keywords: Problems and Challenges; Price; Risk and Uncertainty; Rail Industry

15 Feb 2000
Research & Ideas

The Right Connections

that whom you know can be just as important as what you know when trying to offset the uncertainty inherent in backing a high-risk startup in an initial public offering (IPO). "Our work suggests that the functional backgrounds or... View Details

Keywords: by Judith A. Ross

01 Oct 2002
News

A Change of Life

uncertainties of the weeks that followed. “I had this terrible need to feel like I was fixing something,” Waldron revealed. Last March, he accepted the president and CEO position at Jumpstart, where he earns one-third of what he made at... View Details

12 PM – 1:30 PM EDT, 28 Apr 2020
Career Events

New Paths Forward & How to Get There

Is there anything holding you back from taking that next step? Are you at an impasse? This session is designed to help to you honestly assess where you are now in your life. From there, we will craft potential new paths and create action plans to guide your immediate... View Details

April 2024
Article

Demand-and-Supply Imbalance Risk and Long-Term Swap Spreads

By: Samuel G. Hanson, Aytek Malkhozov and Gyuri Venter

We develop and test a model in which swap spreads are determined by end users' demand for and constrained intermediaries’ supply of long-term interest rate swaps. Swap spreads reflect compensation both for using scarce intermediary capital and for bearing convergence... View Details

Keywords: Swap Spreads; Credit Derivatives and Swaps; Interest Rates; Risk and Uncertainty; Volatility

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2016
Working Paper

The Stock Market and Bank Risk-Taking

By: David S. Scharfstein and Antonio Falato

We argue that stock market pressure to generate earnings encourages banks to increase risk. We measure risk using confidential supervisory ratings as well as financial information released in regulatory filings. We document that there is an increase in the risk-taking... View Details

Keywords: Stock Market; Financial Markets; Business Earnings; Banks and Banking; Risk and Uncertainty