20 cognitive biases that screw up your decisions
More here – Business Insider
Move On Quickly From Regrets Using This Writing Instruction
Working on self-esteem is not the best way to move on from regrets. “Imagine that you are talking to yourself about this regret from a compassionate and understanding perspective. What would you say?” That is the writing instruction used in a new study which found that self-compassion helps people move on from regrets. Being kind…
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This Is What Happened To My Brain When I Spent More Time In Nature
It’s a refrain that kids have heard from their parents for generations: “Go outside and play. It’ll be good for you.” Little did we know as children how valuable that advice was. Science has shown that parental wisdom to be more accurate than we realized. Study after study after study has now shown that there…
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Work
When new traders move into the arena of trading they face several functional difficulties such as how do markets work, what are the subtle difference between markets and most importantly how does one design and implement a system that is some way logic and effective. If someone manages to navigate this maze and become in…
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Why do you make stupid decisions when the experts tell you otherwise?
The gap between expert analysis and public opinion seems to be widening by the day. In the US, there is significant popular support for the policies of Donald Trump which the vast majority of experts regards as questionable, to say the least. In the UK there has been a broad consensus of economics experts warning…
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Do Experts Know Anything?…..Probably Not…
This has been a terrible day for experts. Economic professionals were overwhelmingly of the opinion that leaving the European Union would hurt the United Kingdom. And until a few hours ago, the consensus of public opinion experts — at least if one uses prediction markets as a proxy — was that voters would in the end…
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Ego Is The Enemy
Under Genghis Khan’s direction, the Mongols were as ruthless about stealing and absorbing the best of each culture they encountered as they were about conquest itself. Though there were essentially no technological inventions, no beautiful buildings or even great Mongol art, with each battle and enemy, their culture learned and absorbed something new. Genghis Khan…
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How Far Can Oil Rally….I have No Idea Nor Does Anyone Else
For reasons unknown this piece from the Sydney Morning Herald popped into my inbox the other day. I haven’t had much of a look at it but it looks like the usual journalistic misunderstanding of how the world works and there are only two points worth making. Firstly, for every option buyer in the world…
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