tag:blogger.com,1999:blog-7366878066073177705.post342155745454588819..comments2024-02-09T18:16:45.614+00:00Comments on The Psy-Fi Blog: Fooled By Fluencytimarrhttp://www.blogger.com/profile/06254802085744425067noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7366878066073177705.post-32357664311298822362011-06-21T17:11:11.854+01:002011-06-21T17:11:11.854+01:00Genesis 6:20 says "Two of every kind of bird,...Genesis 6:20 says "Two of every kind of bird, of every kind of animal and of every kind of creature that moves along the ground will come to you to be kept alive". <br /><br />BUT Genesis 7:2 says "Take with you seven of every kind of clean animal, a male and its mate, and two of every kind of unclean animal, a male and its mate"<br /><br /><br />Nothing in investing is easy, even when you KNOW that that you're smarter than everyone else ;-)<br /><br />SimonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-62764745534253390072011-06-17T22:36:21.600+01:002011-06-17T22:36:21.600+01:00Hi Ron
It's a fair point: many of these studi...Hi Ron<br /><br />It's a fair point: many of these studies lack a sense of being grounded in the real-world. In fact there's evidence to show that some of the results of behavioral studies in the laboratory don't translate to real life at all.<br /><br />Probably the guy that does the best research in this area is John List, who I've written about a number of times: the blog's google search bar will thrown up the articles (assuming it's working), but his main point is that if your stick a person in an unreal situation they'll try and make sense of it. That leads to odd results - and odd experiments, which is what you're (correctly) pointing out. Still, it keeps us honest, so to speak :)timarrhttps://www.blogger.com/profile/06254802085744425067noreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-22209035753604050452011-06-15T21:24:27.562+01:002011-06-15T21:24:27.562+01:00I’m really liking your blog since finding it on Ab...I’m really liking your blog since finding it on Abnormal Returns. I’ve never studied psychology, so a lot of this is new to me.<br /><br />I have to wonder about the denomination effect. People of a certain age remember when breaking a $100 bill in a retail store was a difficult thing to do. Merchants just didn’t keep that amount of money in their registers. It wasn’t that long ago, if you wanted to break a $100 bill, you had to go to a bank.<br /><br />Also, it’s much easier to have a $100 bill fall out of your pocket unnoticed than five $20’s. As for $1 coins, it’s common knowledge that merchants have nowhere to put them. All of this leads to foreknowledge of certain forms and denominations as being impractical for daily use. It seems to me that money’s role as an ease to commerce was neglected in the study.Ronhttps://www.blogger.com/profile/09347604316112150273noreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-29088522946045868332011-06-15T18:23:55.159+01:002011-06-15T18:23:55.159+01:00outstanding writing backed by disparate by relevan...outstanding writing backed by disparate by relevant research. Interesting that despite your very fluent writing, the argument was heard loud and clear. Now think that my financial IQ has been raised. Well done.klrhttps://www.blogger.com/profile/08783806801212705259noreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-61714967825924437252011-06-15T13:43:03.585+01:002011-06-15T13:43:03.585+01:00thanks for the insight I walked right into the Mos...thanks for the insight I walked right into the Moses question it really proves your pointBarrynoreply@blogger.com