There is an old saying that goes along the lines of be careful what you wish for, it might come true. From my recent conversations with traders it seems as if this philosophy has started to creep into their psych. The local market seems to have stabilized and commodity prices seem to be moving in…
Although bullshit is common in everyday life and has attracted attention from philosophers, its reception (critical or ingenuous) has not, to our knowledge, been subject to empirical investigation. Here we focus on pseudo-profound bullshit, which consists of seemingly impressive assertions that are presented as true and meaningful but are actually vacuous. We presented participants with…
In the late 1940s, the United States air force had a serious problem: its pilots could not keep control of their planes. Although this was the dawn of jet-powered aviation and the planes were faster and more complicated to fly, the problems were so frequent and involved so many different aircraft that the air force…
Apparently Britain began its first census in 1801 and these are some of the occupations people listed.
All of us have snapped at some point. A stranger cuts in line or a distracted driver nearly hits us and we lose our cool in a sudden fit of rage. As mass shootings continue to make headlines, it is becoming increasingly important to understand the brain circuits that underlie these flashes of emotion. R.…
I was having a catch-up with my good mate and uber cool pad holder Jarrod yesterday. Our conversations tend to range far and wide, yesterday was everything from was The Odyssey by Homer which we agreed was the first modern novel to whether the film clip for Taylor Swifts Blank Space is actually a reflective exploration…
I am an old school sort of guy and this is reflected in the way I approach markets. This approach came about in part because of personality but in part because of the limitations of technology. When I became interested in price action as means by which to generate trading signals the PC was in…
Terry Jones presents Boom Bust Boom. The result of a meeting between writer, director, historian and Python Terry Jones and economics professor and entrepreneur Theo Kocken. Co-written by Jones and Kocken and featuring John Cusack, Nobel Prize winners Daniel Kahneman, Robert J Shiller and Paul Krugman, the film is part of a global movement to…
It seems that criminals and dishonesty are the theme of the week. The things you find on the internet. Abstract: Is there any return to education in criminal activities? This paper is one of the first to investigate whether education has not only a positive impact on legitimate, but also on illegitimate activities. We use…
I was do a bit of additional reading on the article I posted the other day regarding the seemingly robust secondary market for brokers who had been involved in some form of malfeasance when I came across this excellent analysis of the article by Michael Kitcess. The entire piece is well worth reading. The analysis includes…
LB showed me an email she received the other day that contained a chart of the All Ords purporting to show that the markets long term support had held. The only problem with this chart was that it had more lines on it than the ancient carvings at Nazca. This is the default setting of…
Mmmmmm….not certain, I know lots of grumpy pricks who are successful. Have a read and see what you think.
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