DANGER! Over Thinking Decisions
Posted on30 Aug 2012
Tagsinvesting, intuition, Intelligent Life, information, Ian Leslie, Gerd Gigerenzer, decisions, decision-making process, Choice, knowledge, thinking process, rats, problem solving, Max Panck Institute
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Once upon a time, long, long ago, when I used to take standardized tests, the recommendation was to go with your first... Read More
Stock Gambling & Poker Investing: Lesson in Skill & Outcomes
Posted on11 Jul 2011
TagsUniversity of Chicago, uncertainty, Thomas Miles, The Economist, stock market, Steve Levitt, skills, poker, investing, intuition, gambling
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The May 21, 2011 edition of The Economist had two articles casting a cloud over the skill inherent in successful stock market... Read More
Efficient Markets are Mirages
Posted on31 Jan 2011
TagsPaul Marsh, power behind beliefs, The Economist, Why Newton Was Wrong, neoclassical economics, behvioral economics, beliefs, economic bubbles, efficient market hypothesis, Elroy Dimson, EMH, financial markets, fundamental analysis, investing, London Business School, Mike Staunton, momentum effect
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Emotions drive human decision-making, a key assumption behind the effectiveness of intuitive approaches. However, mainstream economic theory – as represented by neoclassical... Read More
