Rational Rationality.

People are not irrational-at least not as much as we are led to believe. This is because the brain is economic. That is, brains have a limited amount of energy to achieve necessary goals like survival and reproduction. As a result, brains have evolved ways to make decisions in an efficient way. Professor Richard McKenzie at UC…

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When Is a Negative a Positive?

The folks at Freakonomics Radio have an excellent new podcast. So when is a negative a positive? When the negative is feedback. We focus on a clever research project byAyelet Fishbach of the University of Chicago andStacey Finkelstein at Columbia. It argues that positive feedback certainly has its role — especially when someone isn’t yet fully invested…

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Stillness Revisited

Within the current mentor group we have been having a bit of a discussion regarding the desperate need for activity that drives many (most) traders . As such I thought it was revisiting this concept on the blog. Traditionally Westerners equate activity with productive effort, as such the more noise and the more fuss you…

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