psyfi money

The A to Z of Behavioral Bias The A to Z of Behavioral Bias is (surprise, surprise!)

The Cherry Coke Effect?

The Secret of a Healthy, Wealthy Life Infantile People People, we know, generally aren’t very good with money.

Overconfidence and Over Optimism Behavioural Biases (1): Overconfidence and Over Optimism Most of us are way too confident about our ability to foresee the future and overwhelmingly too optimistic in our forecasts.

James Randi and the Seer-Sucker Illusion Illusion is not Forecasting Every morning before he left home the illusionist James Randi used to take a piece of paper and write on it “I James Randi will die today”.

Irrational Numbers: Price Clustering & Stop Losses Universal Number Theory One of the odder things about the universe is that the small set of numbers that define its structure, the so-called universal constants, don’t seem to have any structure of their…

De Tocqueville: Trust in Self-Interest And I assure you that all the peoples and populations who are subject to his rule are perfectly willing to accept these papers in payment, since wherever they go they pay in the same currency, whether for goods or for

Confirmation Bias, The Investor’s Curse Behavioral Biases (7): Confirmation Bias The problem of confirmation bias – the tendency of people to seek evidence confirming an already held opinion and to avoid looking for that which might upset their carefully…

Complexity in Financial Systems What’s Complexity?

Be Humble, Become Wealthy Thrusting, Decisive and Frequently Wrong We are both by design and by culture inclined to be anything but humble in our approach to investing.