psychology

This column addresses the high price paid by the President’s Council of Economic Advisors’ failure to read Akerlof & Romer

Rick Bookstaber opines about a future world in which the flood of information being produced will be filtered by third parties like Facebook and Google with as yet unpredictable consequences for society. Perhaps these filters are just…

Rick Bookstaber asks whether LinkedIn anything more than a resume warehouse? Is it simply a web-based Rolodex to make it easier to stay up with your business contacts? He doesn't know the business model for the company, and doesn't have any…

The sense that America’s spending is out of control is visceral. It will be cut. Looking for a job, running a business or Investing in a world of austerity is a lot different from getting along in normal times. I advise everyone to think…

If you are an investor, businessperson or employee, what you care about is outcomes. You want to know what’s likely to happen in the economy and in the markets. That is what this site is all about. What I see says that cuts were coming.…

One thing I like about the Fed Chairman is that he speaks in understandable prose, unlike his predecessor. Why did everyone think the Fed will ride to the rescue? It’s wishful thinking.

Michael Mauboussin talks to Consuelo Mack about why its getting harder to beat the market and why doing less can actually make you more.

When one's strongest held beliefs are challenged, mostly those beliefs get stronger, regardless of the facts. That's the backfire effect.

I wrote three posts on why human reasoning has not evolved to pursue truth. Rather our minds were designed to argue a ‘side’ irrespective of the facts. In a sense, the facts don’t really matter. I came face-to-face with this phenomenon…

If the facts go against us, we just dismiss them by selective editing or simply making stuff up to support our original thinking. When it comes to politics, when it comes to economics, the facts don't really matter. Human reasoning is not…