Maslow's hammer and Matching: Difference between pages

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imported>Doug Williamson
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''Working effectively with others - cognitive bias''.
1. Arranging that in a portfolio of assets and liabilities the cash flows generated by the assets can be expected to meet the liability payouts either because the assets generate income of the right amount at the right time or because the market values of the assets are linked to the market values of the liabilities.


Maslow's hammer is a cognitive bias that involves over-reliance on a familiar tool:
2. Equalising or approximating the modified duration of assets and liabilities in a portfolio, to manage interest rate risk.


:"I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail."
3. Equalising or approximating both the modified duration and the modified convexity of assets and liabilities in a portfolio.
 
:Abraham Maslow, ''The Psychology of Science, 1966''.
 
 
Other versions of this quotation include, "To a man with a hammer, everything looks like a nail."
 
 
Other names for the same cognitive bias include the 'law of the instrument' and the 'Einstellung Effect'.


4. The Accruals concept in accounting.


== See also ==
== See also ==
* [[Affinity bias]]
* [[Accruals concept]]
* [[Bandwagon bias]]
* [[Immunisation]]
* [[Behavioural economics]]
* [[Interest rate risk]]
* [[Choice supporting bias]]
* [[Modified convexity]]
* [[Cognitive bias]]
* [[Modified duration]]
* [[Confirmation bias]]
* [[Portfolio immunisation]]
* [[Diversity]]
* [[Dunning-Kruger effect]]
* [[Emotional intelligence]]
* [[Executive coaching]]
* [[Hindsight bias]]
* [[Impostor syndrome]]
* [[Maslow's hierarchy of needs]]
* [[Objectivity]]
* [[Optimism bias]]
* [[Reactance bias]]
* [[Self-investment bias]]
* [[Social bias]]
* [[Source bias]]
* [[Working effectively with others]]


[[Category:Commercial_drive_and_organisation]]
[[Category:Influencing]]
[[Category:Self_management_and_accountability]]
[[Category:Working_effectively_with_others]]
[[Category:Planning_and_projects]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]

Revision as of 14:20, 23 October 2012

1. Arranging that in a portfolio of assets and liabilities the cash flows generated by the assets can be expected to meet the liability payouts either because the assets generate income of the right amount at the right time or because the market values of the assets are linked to the market values of the liabilities.

2. Equalising or approximating the modified duration of assets and liabilities in a portfolio, to manage interest rate risk.

3. Equalising or approximating both the modified duration and the modified convexity of assets and liabilities in a portfolio.

4. The Accruals concept in accounting.

See also


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