Smart Management

“In their recent work, Smart Management: How Simple Heuristics Help Leaders Make Good Decisions in an Uncertain World, Jochen Reb, Shenghua Luan, and Gerd Gigerenzer explore the uses of judgmental heuristics in the context of the business world. As they do so, they have much to say about what ails the traditional educational model favored by business schools from Harvard to Heidelberg….Smart Management offers many compelling examples in a suite of decision-making domains businesspeople care about.” —American Journal of Psychology“Intellectually challenging, thought-provoking, and at bottom optimistic about ways that companies and leaders can improve their decision-making by abandoning the illusion of certainty that too often holds sway, Smart Management seems likely to be the most distinctive take on business decisions you’ve read recently.”—Civil Engineering“Smart Management is a mature exposition of the fast-and-frugal-heuristics perspective, written in a layered fashion so that it may be employed in a host of courses, for undergraduates and doctoral students to managers, executives and leaders.” —Journal of Management & Organization

Jochen Reb is Professor of Organizational Behavior and Human Resources and founding Director of the Mindfulness Initiative at the Lee Kong Chian School of Business, Singapore Management University.

Shenghua Luan is Professor of Psychology and Principal Investigator of the Risk and Uncertainty Management Lab at the Institute of Psychology, Chinese Academy of Sciences.

Gerd Gigerenzer is Director of the Harding Center for Risk Literacy at the University of Potsdam, Director Emeritus at the Max Planck Institute for Human Development, and Partner of Simply Rational-the Institute for Decisions. He is the author of Calculated Risks, Gut Feelings, Risk Savvy, and How to Stay Smart in a Smart World.

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