“‘What is the cost of poor decisions?’ asks a new book by Wharton faculty, titled ‘Wharton on Making Decisions.’ In the case of Barings Bank trader Nick Leeson and the managers who supervised his work, the cost turned out to be “one of the most spectacular collapses in banking history,” the authors note. In Wharton on Making Decisions, to be published in March, editors Stephen Hoch and Howard Kunreuther bring together the decision-making research of 16 faculty members. Each contributor discusses the factors that influence individuals and groups in their decision-making process, why they may be costly to the individual or organization involved, their effect on society and how this process might be improved.”

This entry was posted on Monday, February 19th, 2001 at 12:00 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

“‘What is the cost of poor decisions?’ asks a new book by Wharton faculty, titled ‘Wharton on Making Decisions.’ In the case of Barings Bank trader Nick Leeson and the managers who supervised his work, the cost turned out to be “one of the most spectacular collapses in banking history,” the authors note. In ‘Wharton on Making Decisions,’ to be published in March, editors Stephen Hoch and Howard Kunreuther bring together the decision-making research of 16 faculty members. Each contributor discusses the factors that influence individuals and groups in their decision-making process, why they may be costly to the individual or organization involved, their effect on society and how this process might be improved.”

This entry was posted on Monday, February 19th, 2001 at 12:00 am and is filed under Leadership. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.