Pragma Synesi – interesting bits

Compendium of interesting bits I come across, with an occasional IMHO

What I Learned from Losing $200 Million

In summary: illusion of control. And that stress amplifies it.

What I Learned from Losing $200 Million

The 2008 financial crisis taught me about the illusion of control, and how to give it up.

By Bob Henderson | December 24, 2015 | Nautilus

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December 25, 2015 Posted by | behaviour, economics, statistics | , , , , | Leave a comment

Rational financial decision making

We don’t make rational decisions, and that’s especially bad for us when it comes to our financial health.  The article below, from Benefits Canada, explores this:

Keeping feelings out of financial decision-making

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September 28, 2010 Posted by | behaviour, decision making, emotions, investing, psychology | , , , , | Leave a comment

Recession caused by too many Y chromosomes?

Chalk one up for women: “…men, and single men in particular, overestimate their financial knowledge, their ability to pick stocks, and the value of the information they have…”

From the Globe and Mail, May. 29, 2009:

In the company of men

What really leads markets to tank and economies into recession: corporate greed, unscrupulous lenders, poorly understood financial products? It may actually be a case of too many Y chromosomes

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July 8, 2009 Posted by | behaviour, economics, psychology | , , , | Leave a comment

Why Smart People Often Do Stupid Things

Trying to explain the plentiful financial screw-ups that recently have come to light. From Benefits Canada:

Deconstructing “Stupidity”: Why Smart People Often Do Stupid Things

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December 24, 2008 Posted by | behaviour, economics, investing | , | 3 Comments