So popular is the field that behavioural economics is now often misapplied as a catch-all term to refer to almost anything that’s cool in popular social science, from the storycraft of Malcolm Gladwell, author ofThe Tipping Point (2000), to the empirical investigations of Steven Levitt, co-author of Freakonomics (2005). Yet, as with any success story, the backlash has…
As expected we ship most of our dirt to China – pity that China seems to be stuffed. The original article can be found here – Euromonitor International
73 and still motoring….they make Russians tough…. Click the image to be taken to the video.
Its mail time – that time when I look at one of the many emails that hits the inbox. One of the challenges I find in trading is how to take only the best setups. A particular setup might tick all the boxes but there is something different about it and you don’t feel 100%…
By “bliss” he meant that each person has skills and talents that collectively move us toward authentic self-expression. Bliss is our natural direction; it inspires the highest caliber of creativity and performance. Some people know the first time they put pen to page that they were born to write. Others feel most at home with law or…
Researchers from the University of California, Berkeley, National University of Singapore and University of Illinois at Urbana-Champaign (UIUC) have shown that betting decisions in a simple competitive game are influenced by the specific variants of dopamine-regulating genes in a person’s brain. Dopamine is a neurotransmitter – a chemical released by brain cells to signal other brain…
Sir Francis Galton the creator of the concept of statistical correlation and the idea of regression to the mean also once wrote a paper on how to cut a cake scientifically. It turns out everyone has been doing it wrong – which is actually no surprise. Galtons original paper can be found here
A central tenet in modern economics is that crashes do not happen; we all know that they do . Therefore, the maxim should be restated as crashes are not supposed to happen according to the models we have. In fact modern economic theory be it the Efficient market Hypothesis or the Dynamic Stochastic General Equilibrium are…
More cleverness by Michael Lewis – I’d like to start by making a confession: It’s never been easy being me. Managing billions of dollars of other people’s money, and countless millions of my own, has been highly stressful. There was a time when I thought my anxiety, not to mention the investigations of my affairs…
God I hope so…….. “We got interested in this idea because there is abundant evidence that higher socioeconomic status — higher income or wealth, higher education — does not boost subjective well-being (or happiness) much at all. Yet at the same time, many theories suggest that higher status should boost happiness.” Bugger…doesnt look like it…
Playboy: If life is so purposeless, do you feel its worth living? Stanley Kubrick: Yes, for those who manage somehow to cope with our mortality. The very meaninglessness of life forces a man to create his own meaning. Children, of course, begin life with an untarnished sense of wonder, a capacity to experience total joy at something…
Things were not looking good for Brian. He’d been kept from the affection of his mother—and all other women—and raised alone by his father, who sexually traumatized him. Normal social interactions were impossible for him. He couldn’t eat in front of others and required a series of repeated, OCD-like rituals before he’d take food. He…
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