We Don’t Have Hundred Biases, We Have The Wrong Model
From the time of Aristotle through to the 1500s, the dominant model of the universe had the sun, planets, and stars orbiting around the Earth. This simple model, however, did not match what could be seen in the skies. Venus appears in the evening or morning. It never crosses the night sky as we would…
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The Behavioural Lessons of Gilt Market Turmoil
Much of the focus on the dramatic and unprecedented sell-off in gilt markets this week has been centred on the technical factors that led to an intervention from the Bank of England, potentially worth £65bn. Whilst the tribulations of the Liability Driven Investment strategies used by pension schemes are both fascinating and concerning, these periods…
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The Unexpected Philosophy Icelanders Live By
If Iceland were to have a national slogan, it would be ‘þetta reddast’, which roughly translates to the idea that everything will work out all right in the end. More here – BBC Travel
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