The world of cryptocurrency is rich with eccentric characters and anonymous Twitter personalities. So perhaps it shouldn’t be a surprise that one of the early figures who called attention to the problems with Sam Bankman-Fried’s cryptocurrency exchange, FTX, is a 30-year-old Michigan psychiatrist who investigates financial crimes as a hobby. James Block, who runs a crypto newsletter called Dirty…
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What is greed good for? Greed is ubiquitous, suggesting that it must have some benefits, but it is also often condemned. In a representative sample of the Dutch population (N = 2,367, 51.3% female, Mage = 54.06, SD = 17.90), we examined two questions. First, inspired by Eriksson et al., we studied whether greedy people generate more personal and household…
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I have long been very interested in standard thinking errors. However, I was educated in an era wherein the contributions of non-patient-treating psychology to an understanding of misjudgment met little approval from members of the mainstream elite. Instead, interest in psychology was pretty well confined to a group of professors who talked and published mostly…
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Although many people do it, making forecasts about how financial markets will fare in 2023 is an entirely pointless endeavour. What we can predict with some confidence, however, is how investors will behave – that doesn’t change much. So, what will we all be doing in 2023? More here – Behavioural Investment
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If he’s super rich, he must be a super genius. That conclusion is a cognitive mistake many continue to make when they encounter a seemingly incongruous state of affairs, such as Elon Musk, the world’s richest man, behaving like an irrational idiot. And yet, behave like an idiot he does, day after day, a public jester who…
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Throughout the history of mathematics, quite a few mathematical problems have achieved celebrity status outside the circle of mathematicians. Famous problems such as squaring the circle or proving Fermat’s last theorem have intrigued thousands of people over the centuries. But almost no mathematical problem has been as fiercely and widely debated as the Monty Hall…
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