Posts Tagged ‘Amos Tversky’

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    Are You A Good Investor?

    Nov 3, 11 • 184 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Debates, Economic Thinkers, Financial Markets, Thinking EconomicallyNo Comments

    Good investing takes us to our emotions. But not quite how you might expect. Our brains don’t like random events. Instead, we prefer patterns, especially pleasing patterns. For basketball, that means streaks. According to one statistical study of the

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    How Not To Price a House

    Aug 31, 10 • 215 Views • Behavioral Economics, Demand, Supply, and Markets, Households1 Comment

    Let’s assume you would like to sell your house. According to Wired journalist Jonah Lehrer, the price you select might not be optimal. Why? Because we like to avoid losing money. (Of course, you might say, that is obvious. But an economist would suggest