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
Tagseconomic bubbles, Why Newton Was Wrong, The Economist, power behind beliefs, Paul Marsh, neoclassical economics, momentum effect, Mike Staunton, London Business School, investing, fundamental analysis, financial markets, EMH, Elroy Dimson, efficient market hypothesis, beliefs, behvioral economics
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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
