DANGER! Over Thinking Decisions
Posted on30 Aug 2012
Tagsdecision-making process, thinking process, rats, problem solving, Max Panck Institute, knowledge, investing, intuition, Intelligent Life, information, Ian Leslie, Gerd Gigerenzer, decisions, Choice
Comments0
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
Tagsintuition, gambling, investing, poker, skills, Steve Levitt, stock market, The Economist, Thomas Miles, uncertainty, University of Chicago
Comments0
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
Tagsinvesting, fundamental analysis, financial markets, EMH, Elroy Dimson, efficient market hypothesis, economic bubbles, beliefs, behvioral economics, London Business School, Why Newton Was Wrong, The Economist, power behind beliefs, Paul Marsh, neoclassical economics, momentum effect, Mike Staunton
Comments0
Emotions drive human decision-making, a key assumption behind the effectiveness of intuitive approaches. However, mainstream economic theory – as represented by neoclassical... Read More
