Archive for June, 2012

Royal Bank of Scotland fiasco shows the power of networks

Posted at Jun 29, 2012 |

The last week or so has seen complete mayhem in the Royal Bank of Scotland and its subsidiaries.  A computer glitch has caused their payments systems to collapse.  Monies have not been processed, 17 million customers have been unable to access their accounts and pay their bills. The impact for RBS has been catastrophic.   So,Read more

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Kahneman and schizophrenia in economics

Posted at Jun 19, 2012 |
Daniel Kahneman

I was at a fascinating session recently, with Nobel Laureate Daniel Kahneman in conversation with a leading thinker from the advertising world, Rory Sutherland of Ogilvy and Mather.  Kahneman was talking about his book Thinking Fast and Slow, a summary of his life’s work. I am a great admirer of Kahneman.  Trained as a psychologist,Read more

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