Global Network for Advanced Management Masterclass Series
Upcoming Masterclasses
Thursday, October 15, 2026
3:00 pm (Berlin time) / 9:00 am (New Haven time)
Emotions as intel: What pride and shame tell us at work
Rebecca Schaumberg, Assistant Professor of Organizational Behavior, ESMT, moderated by Agnes Horvath, Senior Marketing Manager, ESMT
We tend to treat emotions at work as private experiences to manage. This session treats them as information. When colleagues express pride or shame, others read those emotions for clues about competence, standards, and what is expected. The session draws on research showing what these emotional signals communicate at work.
Shame is usually seen as corrosive. But people who see a colleague express shame infer what the group's norms are and follow them more closely, even when doing so is financially costly. Pride is usually seen as a safe way to signal competence. But expressing pride in a performance can make someone seem less competent when peers react to the same performance without pride. It suggests the performance was close to the best that person can do.
Participants will leave with a clearer read on what their own emotions communicate to others, and what the emotions of their colleagues and teams are telling them.
Rebecca (Becky) Schaumberg is an Assistant Professor of Organizational Behavior at ESMT Berlin. She studies the psychological and emotional underpinnings of employee behavior in organizations, with a particular focus on self-conscious emotions such as guilt and shame. Her research explores how these emotions shape motivation, social dynamics, and organizational culture—both positively and negatively.
Her work has been published in leading journals including the Academy of Management Journal, Psychological Science, Organizational Behavior and Human Decision Processes, and the Journal of Applied Psychology. She holds a Ph.D. in Organizational Behavior from Stanford University and a B.A. in Psychology from Carleton College.
Before joining ESMT, she was a faculty member at the Wharton School of the University of Pennsylvania and NYU Stern, where she taught award-winning courses related to leadership, decision-making, negotiations, and conflict management.
Video introduction of Rebecca (Becky) Schaumberg
Register by Tuesday, October 13: https://yale.qualtrics.com/jfe/form/SV_42haap0PQJFVz5Y
Tuesday, October 27, 2026
1:00 pm (Hong Kong time) / Monday, October 26, 1:00 am (New Haven time)
Why Rational Investors Make Irrational Decisions
Behavioural Finance in the Age of AI
Prof. Utpal Bhattacharya, Chair Professor of Finance, HKUST Business School, moderated by Prof. Stephen Shih, Associate Dean (MBA Programs) and Adjunct Professor of Management.
Traditional finance theory assumes investors behave rationally. Yet real-world markets often tell a different story.
In this masterclass, Professor Utpal Bhattacharya, Chair Professor of Finance at HKUST, explores the fascinating field of behavioural finance and the psychological forces that shape investment decisions. To make the subject come alive with authenticity, juicy back stories and fun facts, the class will be based on three examples from his own research on behavioural finance: left-digit fixated traders in the United States, superstitious traders in Taiwan, and haunted houses in Hong Kong.
The session concludes with insights from his latest research on behavioural finance and artificial intelligence, examining how AI-enabled traders may increasingly identify and exploit predictable patterns in investor behaviour, thus raising thought-provoking questions about the future of investing in an increasingly AI-driven world.
Professor Utpal Bhattacharya is a Chair Professor of Finance at HKUST. His research is about the dark side of financial markets. He believes, with apologies to Thomas Jefferson, that "the price of capitalism is eternal vigilance."
His research has been featured in full-length stories more than a hundred times in media outlets around the world, including six times in The Economist. He wrote a satire about the legendary fraudster Madoff for The New York Times and has been invited to present his research at more than 250 institutions in 38 countries across five continents.
In 2006, he served on the Task Force to Modernize Securities Regulation in Canada and authored a report that was later featured in a Canadian Broadcasting Corporation investigative story titled Who Is Guarding Your Money? Legislators in Ontario discussed the report in December 2008. In 2012, the U.S. Securities and Exchange Commission invited him to present findings from his Journal of Finance paper documenting cross-subsidies in mutual fund families. He is now an official whistleblower.
Prof. Bhattacharya teaches in a different country or region every summer. He has taught at leading universities in Argentina, Australia, Brazil, Canada, China, Colombia, Finland, France, Germany, India, Indonesia, Ireland, Italy, Japan, Kazakhstan, Latvia, Lithuania, Mexico, the Netherlands, New Zealand, Portugal, Romania, Russia, Singapore, Slovenia, South Korea, Taiwan, Turkey, the U.K., the U.S.A. (including Chicago, Duke and MIT), and Vietnam.
Register by Thursday, October 22: https://yale.qualtrics.com/jfe/form/SV_85GrOAvZGbHQhE2
Tuesday, November 17, 2026
8:30 am (New Haven time)
The Science of Being Likeable
Zoe Chance, Senior Lecturer in Management, Yale School of Management, moderated by Camino de Paz, Associate Dean of Global Affairs, Yale SOM
Zoe Chance is a Senior Lecturer in Management at Yale School of Management. She is a writer, teacher, researcher, and climate advocate who studies interpersonal influence.
She earned her doctorate from Harvard and now teaches the most popular course at Yale School of Management, which is the basis for her international bestseller, INFLUENCE IS YOUR SUPERPOWER. Her framework for behavior change is the foundation for Google’s global food policy, and before academia, she managed a $200 million segment of the Barbie brand at Mattel.
Today, Zoe teaches smart, kind people to raise money for charity, get elected to political office, fund startups, start movements, save lives, find love, negotiate great deals and job offers, and even get along better with their kids. In other words, she helps people to use their superpower of influence as a force for good.
Register by Sunday, November 15: https://yale.qualtrics.com/jfe/form/SV_elc6gDfd5m99c90
Tuesday, December 8, 2026
3:30 pm (Cairo time) / 8:30 am (New Haven time)
Stewardship Capital and Long-Term Investment Logic in Family Enterprises: A MENA Regional Perspective
Hakim Meshreki, Associate Professor of Marketing, Onsi Sawiris School of Business, The American University in Cairo, moderated by Samer Atallah, Associate Professor of Economics and Associate Dean for Graduate Studies and Research, Onsi Sawiris School of Business, The American University in Cairo
This session explores how family enterprises across the Middle East and North Africa sustain long-term competitive advantage through what the research terms stewardship capital — an integrative framework examining patient investment, reinvestment discipline, and continuity-oriented financial logic. Drawing on original qualitative research with a fourth-generation Egyptian family business, the session bridges theory and practice to reveal how family governance logic operates distinctly in non-Western institutional contexts.
Hakim Meshreki is an associate professor of marketing at The American University in Cairo (AUC). His research interests focus on international marketing, consumer behavior and branding, with particular emphasis on country of origin research, value research and brand equity.
Since 1999, Meshreki has served as partner and commercial director at Mena Company for Adhesives Technology (Menatec), a family business. He contributed to the company’s turnaround by defining and managing its strategic growth through key internal projects and partnerships with international players, where he played a central role in negotiation, market research and evaluation phases. He is also an active board member of Orange International Company, a newly established food and beverage business aiming to create and manage high-quality brands in Egypt and across the MENA region.
In addition to his academic and business roles, Meshreki has delivered training in branding, consumer psychology, advanced statistical analysis, marketing research and strategy. He holds a PhD in marketing from Nottingham University Business School.
Register by Sunday, December 6: https://yale.qualtrics.com/jfe/form/SV_0dfI2KvavIEO8dM
Wednesday, January 27, 2027
1:30 pm (Ghana time) / 8:30 am (New Haven time)
Growth as Portfolio: Rethinking How Entrepreneurs Scale in Africa
Priscilla Ntriwaa Otuo, Lecturer in Marketing and Entrepreneurship, University of Ghana Business School, moderated by Edward Asiedu, Development Economist and Lecturer, University of Ghana Business School
Priscilla Otuo is a lecturer in the Department of Marketing and Entrepreneurship at the University of Ghana Business School. She previously worked as an Entrepreneurship and Innovation Research Associate on a Project called RECIRCULATE. Priscilla brings on board extensive wealth of knowledge of African entrepreneurship. She has a unique blend of experiences in industry, academia, volunteering and consulting. Dr Otuo has consulted for several businesses in Ghana and other parts of Africa. Priscilla is actively involved in programmes aimed at stimulating entrepreneurial thinking among African scientists. She is passionate about expanding entrepreneurship scholarship and academia-industry engagement in developing countries.
Register by Monday, January 25: https://yale.qualtrics.com/jfe/form/SV_e3fWCLLN2saIhHU
Thursday, February 18, 2027
3:30 p.m. (Israel time)/ 8:30 a.m. (New Haven time)
Loss Aversion or Loss Attention?
Professor Eldad Yechiam, Dean, Faculty of Data and Decision Science, Technion
Loss aversion refers to the tendency to assign greater subjective weight to losses than gains of equal magnitude. While loss aversion has been demonstrated in numerous studies and has been used to understand more complex economic phenomena, there is a recent debate concerning its reliability and magnitude, and the exact cognitive processes induced by negative outcomes. The goal of the present talk is to clarify the concept of loss aversion as well as the debate and its implications. We first present a new meta-analysis focusing on decisions under risk, showing that loss aversion mostly emerges in experiments where most losses are smaller than gains and where gains and losses are presented in an ordered sequence, and that by contrast, when gains and losses are similar and unordered, loss aversion is rather weak (on average, around 10% greater weight assigned to losses than gains) and fails to emerge significantly. We then discuss evidence for gain-loss disparities in riskless decisions and highlight an alternative cognitive asymmetry driven by gains and losses that can lead to loss-aversion-like phenomena in these settings. Specifically, the effect of losses on task attention, known as “loss attention” can account for the strong boosting effect of negative framing over positive framing on performance, even though loss aversion itself may be a weak or null effect phenomenon given these same gains and losses. We suggest that much of the effect of losses on human behavior is driven by increased attention rather than increased weighting.
Professor Eldad Yechiam joined the Faculty of Data and Decision Sciences in 2005. He received his Ph.D in Cognitive Psychology at the Technion in 2003. Previously, he was a postdoctoral fellow in Indiana University, Bloomington. Prof. Yechiam’s area of work is decision making, learning, and behavioral economics. His main contributions are in the study of cognitive asymmetries that result from different incentive structures, individual differences in decision making, and cognitive enhancement. Prof. Yechiam currently serves as the dean of the faculty of Data and Decisions Sciences. He holds the Harry Lebenfeld Chair in Sciences. Previous, he was the editor in Chief of the Journal of Economic Psychology and the elected president of the European Society for Decision Making (EADM). His first book “Left Hand” (in Hebrew) was published by Nine Lives Press (2025) and his second book “He Should have Left After the Alien Story was recently published by Afik-Hatachana Press (2026).
Register by Tuesday, February 16: https://yale.qualtrics.com/jfe/form/SV_3t203tkFBb8r3zo