|
|
|
|
Decision Making for Investors investigates man's ability to perform "rationally" when conducting economic reasoning and analysis, and tries to determine the natural inhibiters that prevent us from performing optimally under these conditions. The good news is that man has survived its 3.5 million year existence on the planet (despite serious attempts at mass suicide). The bad news is that our evolutionary struggle did not focus on skills that are critical for success as the economists' "rational agent." Man does well when trying to outwit a lion or find food on the savannah; he does less well in trying to calculate the probability of a earnings surprise or the consequence of a series of economic events. Survival requires excellent skills that have been selected during our Darwinian struggle; successful investing requires skills that may be completely unnecessary for this same survival. We would like to present new ways of thinking about this paradox and its implications for achieving successful investing. Click on the titles to view the reports in Acrobat Size Matters - February 1, 2006 Are You an Expert - October 28, 2005 Aver and Aversion - August 9, 2005 Contrarian Investing - March 8, 2005 Decision-Making for Investors - May 24, 2004
What Have You Learned in the Past 2 Seconds? - March 12, 1997
This page was last updated on 02/25/06.
|