Mistakes
Another clever piece from Behaviour Gap
Careful Who Your Family Members Are
Not surprising since there is some evidence that eating disorders may be socially acquired. It is therefore not a stretch to imagine that other forms of psychological trauma can be based around the family unit. Anxiety is ‘contagious’ and can be passed from parents to children and the other way, a new study finds. The…
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Outsmart Your Own Biases
……..It can be dangerous to rely too heavily on what experts call System 1 thinking—automatic judgments that stem from associations stored in memory—instead of logically working through the information that’s available. No doubt, System 1 is critical to survival. It’s what makes you swerve to avoid a car accident. But as the psychologist Daniel Kahneman…
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What Would You Pay To Be Happy?
The happiest man in the world is a 67-year-old Buddhist monk called Matthieu Ricard. He starts his day sitting in a meadow in front of his hermitage in Nepal. He watches hundreds of miles of Himalayan peaks glowing in front of him in the rising sun. The scene “blends naturally and seamlessly with the peace…
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Information Overload
I am currently rereading Nate Silvers – The Signal and the Noise: Why So Many Predictions Fail – but Some Dont . It is a book that I consider compulsory reading for any trader. The first part of the book deals with baseball – a sporting endevour which lends itself to statistical analysis and which has seen…
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Letting Go
Every year I shred all my documents that I no longer need – I find shredding to be very liberating. Just a pity you cannot shred people as easily…. Behaviour Gap is well worth subscribing to for this simple little graphics.
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Tantrum Of The Week
I was going to drop this into the email of the week category but it seemed to be more of a sook of the week sort of thing. Unfortunately, this one wasn’t sent to me so I had to read it over LB’s shoulder but its contents are more than worthy pf repeating. Our erstwhile correspondent stated that…
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