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In a recent article in the Seattle Times, Teri Cettina interviewed Dan Ariely about his new book entitled Predictably Irrational. Airely is a behavioral economist at MIT and Duke who has done wonderful research which helps to describe the ways in which people behave irrationally especially where money is involved. I love this type…
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The simple truth is that measuring human emotion is extremely difficult. Expert researchers have been working at it since before the phrenologists felt the bumps on one’s head to divine personality. Its so difficult to do because emotions are super complex, intertwined dynamically with other modes of experience and remote to direct observation. So…
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I had a great breakfast this morning with Lindzon and Mick from Research Edge. Mick brought up the idea of centralizing accountability which I loved and which dovetails nicely with my piece on StockTwits and transparency. The idea is that up unitl now we have had all of these market pundits squawking whatever they…
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Since the end of World War II, the U.S. has arguably experienced the greatest era of increasing prosperity in the history of nations. From 1945 to 2001 U.S. GDP and the Dow Jones Industrial Average both increased approximately 50 fold. At the same time, the abundance of and access to resources also increased exponentially.…
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Early psychoanalytic models were deterministic. That is they espoused a view of human nature as being mostly at the whims of forces beyond people’s control whether these forces were internal (needs, desires and conflicts) or external (war. political, socio-economic). Some of the more recent dynamic models have run counter to a deterministic view. One…
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One of the toughest things for traders to do is realize losses. I have written about it here already. You also find that this holds in terms of what market participants are willing to fess up to in public. We see this with traders (and gamblers coming back from Vegas) all the time and…
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When people interact, very little attention is paid to the spaces between them, the field upon which they are interacting. Nevertheless, this space is an incredibly important part of the interaction. The energy behind the correspondence, the relationship of the participants, the implicit rules of the setting, the physical surroundings… I call the space…
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Im psyched to have this new blog set up I’ve had this virtual spot for a while and never really did much with it aside from the occasional post here and there. I plan to begin posting much more frequently and invite all readers to join in the conversation. The majority of my blog…
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Much continues as if half of the worlds wealth has not been destroyed over the past year. Families living at the margin are still booking trips to Disney. Pfizer is still copping Elvis to sell Viagra. The nouveau continues to trade in beamers for beamers. Don’t get me wrong the shift towards a more…