#Behavioral economics

Authored by Ted Rivelle via TCW.com, This year’s Nobel prize in economics was awarded to Richard Thaler, a pioneer of behavioral economics. But there is a tale told by a lesser known Nobel laureate, Kenneth Arrow. As a World War II weather officer, he was tasked with analyzing the reliability of

Authored by Raul Ilargi Meijer via The Automatic Earth blog, “The Cost of Missing the Market Boom is Skyrocketing”, says a Bloomberg headline today. That must be the scariest headline I’ve seen in quite a while. For starters, it’s misleading, because people who ‘missed’ the boom haven’t lost

The human brain is capable of incredible things, but it’s also extremely flawed at times. Science has shown that we tend to make all sorts of mental mistakes, called “cognitive biases”, that can affect both our thinking and actions. These biases, as Visual Capitalist's Jeff Desjardins points out,

Author: Adam Rogers / Source: WIRED Dana Rohrabacher, a Republican who has represented Huntington Beach, California for 14 terms on Capitol Hill, has a bummer of a nickname: Putin’s Favorite Congressman. On Wednesday, the Washington Post reported that, during a closed meeting of House

Submitted by Jim Quinn via The Burning Platform blog, “The idea that the future is unpredictable is undermined every day by the ease with which the past is explained.” – Daniel Kahneman, Thinking, Fast and Slow   A couple weeks ago I was lucky enough to see a live one hour interview with Michael