It’s that time of the year again

Planning Fallacy

It’s that time of the year again, when avalanches of New Year’s resolutions are launched with idealistic plans for drastic self-improvement in 2016. We resolve to quit drinking, smoking, or both.  We resolve to help others and to spend more time with our friends and…

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The Seer-Sucker Illusion

seer-sucker illusion

“Imagine you pick 1 million random people from around the world every day,” said Toby McDade, chief investment officer of Momentum Fee Capital Management. “Some days, 51% would be in a good mood, 49% in a bad mood.  The next…

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The Curse of Knowledge

knowledge vs wisdom

Yes, that’s right, you have read the header correctly. Because if you know something, you can’t appreciate what it’s like not to know it. And this is when better-informed people encounter problems thinking about problems from the perspective of their less-informed…

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My Dopamine determines risks of mine

dopamine molecule

Have you ever wondered why you can become revved up and an exuberant risk taker, when flying high, or hesitant and risk-adverse, when cowering from your losses in the stock market? We have the impression that it is our deliberative mind that makes the most important decisions in…

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