tag:blogger.com,1999:blog-7366878066073177705.post929701796403566717..comments2024-02-09T18:16:45.614+00:00Comments on The Psy-Fi Blog: Economics & Psychology: Reconciliation?timarrhttp://www.blogger.com/profile/06254802085744425067noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7366878066073177705.post-92173016718820645572011-01-24T13:13:58.344+00:002011-01-24T13:13:58.344+00:00You will have to wait another 40.000 years before ...You will have to wait another 40.000 years before the great Hari Seldon finally gets the statistics and math right establishing the ultimate model integrating psychology, economics and political science in one great general theory.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-86522262104917881592011-01-02T11:03:33.723+00:002011-01-02T11:03:33.723+00:00Hi Will
"fermenting revolution" in the ...Hi Will<br /><br /><i>"fermenting revolution" in the second paragraph should be "fomenting revolution"</i><br /><br />Sadly it's just a terrible play on words: "brewing" is linked to "fermenting" and "fermenting" sounds like "fomenting". I do it all the time, it's a very bad habit :-)timarrhttps://www.blogger.com/profile/06254802085744425067noreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-74642339281552809492011-01-01T19:40:09.543+00:002011-01-01T19:40:09.543+00:00"fermenting revolution" in the second pa..."fermenting revolution" in the second paragraph should be "fomenting revolution".willhttps://www.blogger.com/profile/09512164934190692384noreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-70749234660020870642010-12-30T04:21:01.599+00:002010-12-30T04:21:01.599+00:00I appreciate your post, thanks for sharing the pos...I appreciate your post, thanks for sharing the post, i would like to hear more about this in futureInventory POS Systemhttp://www.blackitsoft.com/inventory-pos-software.aspxnoreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-75393161890863584122010-12-29T17:40:44.711+00:002010-12-29T17:40:44.711+00:00Super article.
It's my view that a model that...Super article.<br /><br />It's my view that a model that ignores irrationality ENCOURAGES it by doing so.<br /><br />Say that we had a model of nutrition rooted in a premise that everyone always eats what he or she knows is best for him. This model would teach that there is zero risk in eating too much chocolate cake because the possibility that someone might eat too much chocolate cake simply does not compute under a model that ignores irrationality.<br /><br />Someone eats so much chocolate cake that he weighs 300 pounds. He goes to a nutritionist and happens to mention that he eats six pieces of chocolate cake each night. The nutritionist makes no response. He has studied all the literature and has never seen a single reference to the problem of too much chocolate cake consumption (because it is an impossibility under the dominant theory).<br /><br />The overweight individual suspects that the chocolate cake might be a problem. But he notices that the nutritionist does not mention it and concludes that his concerns are silly. If there had been a possibility that eating too much chocolate cake could cause problems, surely a nutritionist would have mentioned it. <br /><br />We expect experts in a field to know something about the ABCs. This is not a safe assumption in the investing field today, given the models that remain dominant. <br /><br />RobRob Bennetthttp://arichlife.passionsaving.comnoreply@blogger.com