DANGER! Over Thinking Decisions
Posted on30 Aug 2012
TagsChoice, decision-making process, decisions, Gerd Gigerenzer, Ian Leslie, information, Intelligent Life, intuition, investing, knowledge, Max Panck Institute, problem solving, rats, thinking process
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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
Tagsgambling, intuition, investing, poker, skills, Steve Levitt, stock market, The Economist, Thomas Miles, uncertainty, University of Chicago
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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
Tagsneoclassical economics, Paul Marsh, power behind beliefs, The Economist, Why Newton Was Wrong, momentum effect, behvioral economics, beliefs, economic bubbles, efficient market hypothesis, Elroy Dimson, EMH, financial markets, fundamental analysis, investing, London Business School, Mike Staunton
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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
