Now on the forefront of translating the experimental finance into usable applications to manage human capital in decision making roles, Cynthia Harrington & Associates LLC offers consulting, training, and customized programs to asset managers.
The breakdown in the silo between economics and psychology started with a theory. In 1979, Daniel Kahneman and Amos Tversky published prospect theory from experiments showing asymmetric response to prospective gain or loss, and broke open the basic tenet of classical economics, that of rational man or man always acting in their own self interest. What followed was a golden age of experimental economics, as academics tested the theory in labs under controlled conditions.
Our Beliefs
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That humans make decisions through a series of interconnected processes, |
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That all of the processes are biologically based, |
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That the mind/matter relationship can be engaged to effect physiological and behavioral changes. |
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That the brain and processes have distinct properties of plasticity, and |
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That providing superior service to investing clients means asset managers manage risks outside the scope of probabilistic predictions.
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