I keep seeing this chart pop up all over the place as evidence that share prices always go up irrespective of what world events assail us. That is not what it is telling you. It is telling you that indices which are wrought with survivor bias and constructed in such a manner as to deliberately…
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If 2008 was a sharp reminder that banking matters, then 2016 has reminded us that politics matters too — and, in both cases, the reminder has not been especially welcome. How should economists respond? Until recently, both banking and politics tended to be something of a niche interest in the economics profession. This isn’t quite…
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As a regular user of sauna’s to manage post workout soreness I am heartened by this headline. Source – Healthiest Blog
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For those who are not up with the current vernacular FoMO apparently refers to Fear Of Missing Out. According to Wikipedia FoMO is defined in the following way – Fear of missing out or FoMO is “a pervasive apprehension that others might be having rewarding experiences from which one is absent”.[2] This social angst[3] is…
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Warburton: So what you’re saying is that traditional economics has focused on an ideally rational individual, asking, “What would such a person do if he or she behaved in their own best interests based on the information available?” But behavioral economics brings in the fact that we don’t always behave in our own best interests.…
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1. Intelligence increases the ability to fool yourself with elaborate stories about why something happened. Average people can often learn faster than the superintelligent, because the superintelligent try to cram the real world into the theories they’ve been taught, while average folks are better at accepting the real world at face value. Here’s the thing:…
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