Professor Dan Lovallo
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Professor Dan Lovallo

Professor of Strategy, Innovation and Decision Sciences
Phone
+61 2 9351 5538
Fax
+61 2 9036 5378
Professor Dan Lovallo

Dan Lovallo is a Professor of Strategy, Innovation and Decision Sciences at the University of Sydney and a senior research fellow at the Institute for Business Innovation at the University of California, Berkeley. His research is concerned with psychological aspects of strategic decisions and has appeared in the American Economic Review, Management Science and the Harvard Business Review. He received his PhD from the Haas School of Business at the University of California, Berkeley. He is a member of the Editorial Board for Strategy Science and McKinsey on Finance.

  • IBUS3107 Business Negotiations
  • MMGT6001 Strategy and Entrepreneurship
  • SMBA6105 Business Negotiations and Decision Making
Project titleResearch student
Behavioral Strategy in the Wild: Contradictions Divergences and Empirical Evidences.Takhaui KAMZABEK

Publications

Book Chapters

  • Dong, A., Garbuio, M., Lovallo, D. (2016). Robust Design Review Conversations. In Robin S. Adams, Junaid A. Siddiqui (Eds.), Analyzing Design Review Conversations, (pp. 77-95). West Lafayette: Purdue University Press.
  • Garbuio, M., Lovallo, D. (2015). Design Thinking. The Palgrave Encyclopedia of Strategic Management. Melbourne: Palgrave Macmillan.
  • Garbuio, M., Lovallo, D. (2014). Delusion and Deception in Large Infrastructure Projects: Two Models for Explaining and Preventing Executive Disaster. In Bent Flyvbjerg (Eds.), Megaproject Planning and Management: Essential Readings. London, United Kingdom: Edward Elgar Publishing.

Journals

  • Cristofaro, M., Augier, M., Lovallo, D., Abatecola, G., Leoni, L. (2024). Behavioral strategy in evolution: A review and conceptual framework. European Management Journal, Published online: 2 October 2024. [More Information]
  • Seymour, M., Lovallo, D., Riemer, K., Dennis, A., Yuan, L. (2023). AI with a Human Face: The case for - and against - digital employees. Harvard Business Review, (March-April), 60-65. [More Information]
  • Eisenbart, B., Lovallo, D., Garbuio, M., Cristofaro, M., Dong, A. (2023). Future thinking and managers' innovative behaviour: an experimental study. Journal of Knowledge Management, 27(6), 1660-1679. [More Information]

Conferences

  • Garbuio, M., Lovallo, D., Koller, T., Williams, Z. (2015). Improving Resource Allocation Decisions: The Role of Agility and Incentives. 35th Strategic Management Society (SMS) Annual International Conference, Denver, United States: Strategic Management Society.
  • Dong, A., Garbuio, M., Lovallo, D., Porac, J. (2015). The Design of Strategies: A Cognitive Perspective on Strategic Option Generation. Frontiers in Managerial and Organizational Cognition Conference 2015, Roskilde, Denmark: Academy of Management.
  • Dong, A., Mounarath, R., Lovallo, D. (2012). The Language of Abduction in Choosing Innovation. 2nd International Conference on Design Creativity (ICDC), Glasgow UK: The Design Society.

Magazine / Newspaper Articles

  • Flyvbjerg, B., Lovallo, D., Garbuio, M. (2014). Better forecasting for large capital projects. McKinsey on Finance, Number 52, Autumn 2014.
  • Koller, T., Williams, Z., Lovallo, D. (2014). How to catch those fleeting investment opportunities. McKinsey on Finance, Number 52, Autumn 2014.

2024

  • Cristofaro, M., Augier, M., Lovallo, D., Abatecola, G., Leoni, L. (2024). Behavioral strategy in evolution: A review and conceptual framework. European Management Journal, Published online: 2 October 2024. [More Information]

2023

  • Seymour, M., Lovallo, D., Riemer, K., Dennis, A., Yuan, L. (2023). AI with a Human Face: The case for - and against - digital employees. Harvard Business Review, (March-April), 60-65. [More Information]
  • Eisenbart, B., Lovallo, D., Garbuio, M., Cristofaro, M., Dong, A. (2023). Future thinking and managers' innovative behaviour: an experimental study. Journal of Knowledge Management, 27(6), 1660-1679. [More Information]
  • Lovallo, D., Cristofaro, M., Flyvbjerg, B. (2023). GOVERNING LARGE PROJECTS: A THREE-STAGE PROCESS TO GET IT RIGHT. The Academy of Management Perspectives, 37(2), 138-156. [More Information]

2022

  • Borchardt, W., Kamzabek, T., Lovallo, D. (2022). Behavioral strategy in the wild. Management Research Review, 45(9), 1185-1204. [More Information]

2021

  • Eisenbart, B., Dong, A., Lovallo, D. (2021). Future-oriented reasoning in strategic choices about novel product ideas. Journal of Design Research, 19(4-6), 308-329. [More Information]

2020

  • Lovallo, D., Brown, A., Teece, D., Bardolet, D. (2020). Resource re-allocation capabilities in internal capital markets: The value of overcoming inertia. Strategic Management Journal, 41(8), 1365-1380. [More Information]
  • Lovallo, D., Kahneman, D. (2020). Your company is too risk-averse here’s why and what to do about it. Harvard Business Review, 2020 (March-April), 1-9. [More Information]

2019

  • Kahneman, D., Lovallo, D., Sibony, O. (2019). A structured approach to strategic decisions. MIT Sloan Management Review, 60(3), 67-73.
  • Flyvbjerg, B., Ansar, A., Budzier, A., Buhl, S., Cantarelli, C., Garbuio, M., Glenting, C., Skamris Holm, M., Lovallo, D., Molin, E., et al (2019). On de-bunking "Fake News" in the post-truth era: How to reduce statistical error in research. Transportation Research Part A, 126, 409-411. [More Information]

2018

  • Lovallo, D., Sibony, O. (2018). Broadening the frame: How behavioral strategy redefines strategic decisions. Strategy Science, 3(4), 658-667. [More Information]
  • Garbuio, M., Dong, A., Lin, N., Tschang, F., Lovallo, D. (2018). Demystifying the Genius of Entrepreneurship: How Design Cognition Can Help Create the Next Generation of Entrepreneurs. Academy of Management Learning and Education, 17(1), 41-61. [More Information]
  • Flyvbjerg, B., Ansar, A., Budzier, A., Buhl, S., Cantarelli, C., Garbuio, M., Glenting, C., Skamris Holm, M., Lovallo, D., Lunn, D., et al (2018). Five Things You Should Know about Cost Overrun. Transportation Research Part A, 118, 174-190. [More Information]

2017

  • Sibony, O., Lovallo, D., Powell, T. (2017). Behavioral Strategy and the Strategic Decision Architecture of the Firm. California Management Review, 59(3), 5-21. [More Information]
  • Garbuio, M., Lovallo, D. (2017). Does organizational politics kill company growth? Review of International Business and Strategy, 27(4), 410-433. [More Information]
  • Bardolet, D., Brown, A., Lovallo, D. (2017). The Effects of Relative Size, Profitability, and Growth on Corporate Capital Allocations. Journal of Management, 43(8), 2469-2496. [More Information]

2016

  • Dong, A., Garbuio, M., Lovallo, D. (2016). Generative sensing in design evaluation. Design Studies, 45, 68-91. [More Information]
  • Dong, A., Garbuio, M., Lovallo, D. (2016). Generative Sensing: A design perspective on the microfoundations of sensing capabilities. California Management Review, 58(4), 97-117. [More Information]
  • Dong, A., Garbuio, M., Lovallo, D. (2016). Robust Design Review Conversations. In Robin S. Adams, Junaid A. Siddiqui (Eds.), Analyzing Design Review Conversations, (pp. 77-95). West Lafayette: Purdue University Press.

2015

  • Garbuio, M., Lovallo, D., Porac, J., Dong, A. (2015). A Design Cognition Perspective on Strategic Option Generation. Advances in Strategic Management, 32, 437-465. [More Information]
  • Garbuio, M., Lovallo, D. (2015). Design Thinking. The Palgrave Encyclopedia of Strategic Management. Melbourne: Palgrave Macmillan.
  • Garbuio, M., Lovallo, D., Sibony, O. (2015). Evidence Doesn't Argue for Itself: The Value of Disinterested Dialogue in Strategic Decision-Making. Long Range Planning, 48(6), 361-380. [More Information]

2014

  • Flyvbjerg, B., Lovallo, D., Garbuio, M. (2014). Better forecasting for large capital projects. McKinsey on Finance, Number 52, Autumn 2014.
  • Smit, H., Lovallo, D. (2014). Creating more accurate acquisition valuations. MIT Sloan Management Review, 56(1), 63-71.
  • Smit, H., Lovallo, D. (2014). Creating more accurate acquisition valuations. MIT Sloan Management Review, 56(1), 63-71.

2013

  • Garbuio, M., Lovallo, D., Ketencioglu, E. (2013). Behavioral Economics and Strategic Decision Making. In Christopher R Thomas, William F Shughart II (Eds.), The Oxford Handbook of Managerial Economics, (pp. 179-200). New York, United States: Oxford University Press. [More Information]
  • Courtney, H., Lovallo, D., Clarke, C. (2013). Deciding how to decide. Harvard Business Review, (November), 63-70.
  • Lovallo, D., Sibony, O. (2013). Early-stage research on decision-making styles. The McKinsey Quarterly, 2013 (2), 77.

2012

  • Hall, S., Lovallo, D. (2012). Breaking strategic inertia: Tips from two leaders. The McKinsey Quarterly, 2, 42-46.
  • Hall, S., Lovallo, D., Musters, R. (2012). How to put your money where your strategy is. The McKinsey Quarterly, 2, 27-38.
  • Koller, T., Lovallo, D., Williams, Z. (2012). Overcoming a bias against risk. The McKinsey Quarterly, 4, 15-17. [More Information]

2011

  • Koller, T., Lovallo, D., Williams, Z. (2011). A bias against investment. The McKinsey Quarterly, 1, 10-13. [More Information]
  • Koller, T., Lovallo, D., Williams, Z. (2011). A bias against investment? The McKinsey Quarterly, September.
  • Powell, T., Lovallo, D., Fox, C. (2011). Behavioral Strategy. Strategic Management Journal, 32(13), 1369-1386. [More Information]

2010

  • Garbuio, M., Lovallo, D., Horn, J. (2010). Overcoming biases in M&A: A process perspective. In S. Finkelstein and C. L. Cooper (Eds.), Advances in Mergers and Acquisitions-Volume 9, (pp. 83-104). Bingley United Kingdom: Emerald Group Publishing. [More Information]
  • Lovallo, D., Sibony, O. (2010). The case for behavioral strategy. The McKinsey Quarterly, March.
  • Lovallo, D., Sibony, O. (2010). The Case for Behavioural Strategy. The McKinsey Quarterly, 2010 (2), 30-40.

2009

  • Garbuio, M., Lovallo, D., King, A. (2009). A beliefs-preferences-attributions model of strategic decision making. Strategic Management Society SMS 29th Annual International Conference 2009. Strategic Management Society.
  • Flyvbjerg, B., Garbuio, M., Lovallo, D. (2009). Delusion and Deception in Large Infrastructure Projects: Two Models for Explaining and Preventing Executive Disaster. California Management Review, 51(2), 170-193.
  • Lovallo, D., Niemeyer, A., Simpson, B. (2009). Freeing up cash from operations. The McKinsey Quarterly, 2009 (1), 55-56.

2008

  • Gary, M., Dosi, G., Lovallo, D. (2008). Boom and Bust Behavior: On the Persistence of Strategic Decision Biases. In Gerard P. Hodgkinson, William H. Starbuck (Eds.), Oxford Handbook of Organizational Decision Making, (pp. 33-55). Oxford UK: Oxford University Press.

2007

  • Lovallo, D., Choi, J. (2007). Better strategy business units. The McKinsey Quarterly, June.
  • Lovallo, D., Viguerie, P., Uhlaner, R., Horn, J. (2007). Deals without Delusions. Harvard Business Review, December, 92-101.
  • Garbuio, M., Lovallo, D., Viguerie, P. (2007). How Companies Spend their Money: McKinsey Global Survey Results. The McKinsey Quarterly, June.

2006

  • Powell, T., Lovallo, D., Caringal, C. (2006). Causal Ambiguity, Management Perception, and Firm Performance. Academy of Management Review, 31(1), 175-196. [More Information]
  • Lovallo, D., Sibony, O. (2006). Distortions and deceptions in strategic decisions. The McKinsey Quarterly, 1.
  • Horn, J., Lovallo, D., Viguerie, P. (2006). Learning to let go: Making better exit decisions. The McKinsey Quarterly.

2005

  • Horn, J., Lovallo, D., Viguerie, P. (2005). Beating the odds in market entry: How to avoid the cognitive biases that undermine market entry decisions. The McKinsey Quarterly.

2004

  • Courtney, H., Lovallo, D. (2004). Bringing Rigor and Reality to Early-Stage R&D Decisions. Research Technology Management: international journal of research management, 47.5 (Sept-Oct 2004), 40-45. [More Information]
  • Fogel, S., Lovallo, D., Caringal, C. (2004). Loss Aversion for Quality in Consumer Choice. Australian Journal of Management, 29(1), 45-64.

2003

  • Lovallo, D., Kahneman, D. (2003). Delusions of Success: How Optimism Undermines Executives Decisions. Harvard Business Review, July, 56-63.

Selected Grants

2022

  • Similarities and Probabilities in Judgment and Decision, Lovallo D, Sydney Business School/Business School Pilot Research Grant

2020

  • Misunderstanding of Related Risks, Lovallo D, Goldwater M, Sydney Business School/Pilot Research Scheme