September 2013
Beginner
320 pages
6h 20m
English
Content preview from 101 Business Ideas That Will Change the Way You Work
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IDEA #49
Want to do the right thing? Wait a moment …
Delayed decision-making leads to better and more ethical decisions.
What you need to know
In writing Wait: The Art and Science of Delay, Frank Partnoy – a former Morgan Stanley banker turned professor at the University of San Diego – wanted to understand the reasons behind the financial turmoil of 2008. Surveying the academic literature on the impact of timing in decision-making from the fields of finance, economics and psychology, Partnoy concluded that the pace of life of modern capitalism leads to snap decisions being made – to the detriment of achieving the best possible outcomes. ...
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