| Topic Name: |
McKinsey in decline? |
| Message Name: |
Am I missing something? |
| Date Posted: |
12/30/2005 |
| In Reply To: |
TCO, try to pick out top 10 schools from the list below. I know that most likely my top 10 will be different from top 10 list picked out by many of the McK message board posters. However, I will bet that top 5 and top 15 school list among the board posters will be very similar.
WRT "sunk cost fallacy when hidden"--one of my cases during the 1st round had this component. In my opinion, this concept can be little bit of bump for APDs with no training in business/accounting. But once understood, it becomes intuitive.
(US NEWS, 2005)
1. Harvard University (MA)
2. Stanford University (CA)
2. University of Pennsylvania (Wharton)
4. Massachusetts Institute of Technology (Sloan)
4. Northwestern University (Kellogg) (IL)
6. Dartmouth College (Tuck) (NH)
6. University of California??Berkeley (Haas)
8. University of Chicago
9. Columbia University (NY)
10. University of Michigan??Ann Arbor (Ross)
11. Duke University (Fuqua) (NC)
11. University of California??Los Angeles (Anderson)
13. New York University (Stern)
14. University of Virginia (Darden)
15. Cornell University (Johnson) (NY)
15. Yale University (CT)
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| Message: |
The top ten is just 1 through 10, no? (Now if you want to argue that we could come up with different lists, fine...but what's magic about 15 then?)
BTW: I'm glad that you recognize the sunk cost fallacy. The point was not about you...or about it being a tricky concept inherently...but about MBAs/consultants getting tripped up with it. And I have seen this happen also in my WORKING experience inside and outside the Firm.
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