Risk Aversion and Real Life

No doubt, you have read some interesting book or article and the next thing you know, it is playing out in real life. Well, this blog is about just that. I am still trying to muddle through Thinking Fast and Slow by Daniel Kahneman (Farrar, Straus and Giroux, New York, [Read More]

By |November 28th, 2014|Actual Mediations|

The Winner’s Curse

Suppose you have a jar of coins and ask several friends to bid on the jar. The highest bid will be deemed the winner. According to Richard H. Thaler ( "Anomalies: The Winner's Curse published inThe Journal of Economic Perspectives ( Volume 2, Issue 1)(Winter 1988) at pp. 191-202), (Thaler [Read More]

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