Coastlines are Strange …
Many years ago, while driving a car along one of our coastlines, I was absorbed by the “natural” curves of the land. The beauty of the scenery combined as it was with a blue sky,…
Many years ago, while driving a car along one of our coastlines, I was absorbed by the “natural” curves of the land. The beauty of the scenery combined as it was with a blue sky,…
Daniel Kahneman and Amos Tversky outlined the Prospect Theory in 1979. It identifies economic behaviors that are inconsistent with rational decision making. (“Prospect Theory: An Analysis of Decision Under Risk,” Econometrica 47 (1979): p.263 –…
Theory of Gambling and Statistical Logic Michael J Mauboussin, is an investment strategist and professor of finance at Columbia Business School. He published a book “More Than You Know” in 2006 and the book became…