Norway, the happiest country in the world? I’m not so sure It’s always strange to live in a country that is listed as being one of the very best. When you have everything outwardly, it can make you look inwards. … Continue reading The law of Jante
Psychologists uncover a new self-serving bias – if it’s my theory, it must be true If you look at the research literature on self-serving biases, it’s little surprise that critical thinking – much needed in today’s world – is such … Continue reading The SPOT Effect
Don’t Tell Your Friends They’re Lucky Cornell professor of economics Robert Frank says he’s alive today because of “pure dumb luck.” In 2007, he collapsed on a tennis court, struck down by what was later diagnosed as a case of … Continue reading Are you lucky?
How to keep your resolutions (clue: it’s not all about willpower) It’s hard to think of a situation in which it wouldn’t be extremely useful to have more willpower. For a start, your New Year’s resolutions would no longer be … Continue reading Willpower comes and goes
Time for Wall Street to Produce Products for People, Not Robots Investors have a tendency to unnecessarily intervene and rebalance their portfolios, which often results in long-term underperformance (see chart below). As Morningstar has eloquently put it, investors “suffer[ing] from … Continue reading People are not robots
The Power Of Saying ‘I Don’t Know’ We are conditioned to having and providing quick, confident answers as a sign of competence and leadership. We behave as though any gaps in knowledge should be hidden at all cost. But is … Continue reading The risks of assuming to know
How liars create the illusion of truth Repetition makes a fact seem more true, regardless of whether it is or not. Understanding this effect can help you avoid falling for propaganda, says psychologist Tom Stafford. “Repeat a lie often enough … Continue reading Does prior knowledge matter?