If you get people to feel that they are putting something, that they are creating it and so on, their love for the project would increase. The more something is yours, the more you're willing to invest in it.

A very simple bad decision is to get into debt. And that is very expensive.

In terms of the actual curriculum for management education, my own view is very simple-minded: The world is incredibly complex, it changes all the time, and we should not even hope that we could create a general model that accurately describes the world in all its possible states.

One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

The problem is that people basically dangle debt in front of us. And the cost for the poor of course is much higher than for the wealthy.

People are willing to work free, and they are willing to work for a reasonable wage; but offer them just a small payment and they will walk away.

I always found the appeal to the market gods a bit odd. Why would the market fix mistakes instead of aggravating them?