Want to Get Wisdom?

Crowds of humans can be very good at solving certain kinds of problems. If, for example, you wanted to guess how many bacteria live in Lake Erie, you’d be better off asking a random group of people and averaging the result than trying to answer the question alone. But what if you could be your…

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Traders Amnesia

Traders are often afflicted by many psychological maladies, foremost amongst them is their remarkably short memories. This is particularity true on the sell side of the industry where those flogging various products seem to have the attention span that is worse than a goldfish. Allied to this is the basic thickness  some people have when it comes…

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Bayes and Deadweight

The quality of your life will, to a large extent, be decided by whom you elect to spend your time with. Supportive, caring, and funny are great attributes in friends and lovers. Unceasingly negative cynics who chip away at your self-esteem? We need to jettison those people as far and fast as we can. The problem is, how do we…

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