Scientific experiments don’t generally attract widespread attention. But the ‘Gorillas in Our Midst’ (1999) experiment of visual attention by the American psychologists Daniel Simons and Christopher Chabris has become a classic. In his book Thinking, Fast and Slow (2011), the Nobel laureate Daniel Kahneman highlights this experiment and argues that it reveals something fundamental about the human mind, namely,…
DetailsSeneca on Gratitude
“I am grateful, not in order that my neighbour, provoked by the earlier act of kindness, may be more ready to benefit me, but simply in order that I may perform a most pleasant and beautiful act.” More here – Brain Pickings
DetailsOf Kamikazes, Lifeguards and Traders
In 1941 Japan possessed the most powerful fleet air arm in the world, its pilots and aircraft were second to none and they had introduced the world to the power of the carrier battle group. The 1st Air Fleet of the Imperial Japanese Navy which was also known as the Kido Butai had devastated Pearl…
DetailsThe Strange Brain of the World’s Greatest Solo Climber
Honnold is history’s greatest ever climber in the free solo style, meaning he ascends without a rope or protective equipment of any kind. Above about 50 feet, any fall would likely be lethal, which means that, on epic days of soloing, he might spend 12 or more hours in the Death Zone. On the hardest…
DetailsSurvivor Bias
Every now and again you hear of someone who managed to win the lottery with their magic scheme, you might even hear that some mathematician has found out what numbers are most likely to be drawn. When I hear of such things I am always amazed that said mathematician seems to confuse lucky with random…
DetailsFamily Descent as a Signal of Managerial Quality
Long story made short – fund managers from poor backgrounds make better fund managers than those from wealthy backgrounds. Which does make sense when you think about it not only in terms of drive and the will to succeed without a safety net but also a greater understanding of the need to husband resource. Abstract…
DetailsObservation Of The Day
This is not a new observation but rather one that has simply been reinforced via observation over the last little while. We will all if given the opportunity find the mechanism of our own self destruction.
DetailsFredkins Paradox
Trading is a decision making profession – every day traders are forced to make decisions. We either have to choose between instruments we are going to trade or simply choose not to trade at all. Its quite a simple binary profession that is hopefully governed by some form of structure that guides your decision making…
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