When economics met psychology
Traditionally, economic theory expects “humans” to behave in remarkable ways: overflowing in judgment and self-control, with exceeding expertise in math and never too generous. Not quite how Richard Thaler believes real people behave. A professor of economics and behavioural science at the University of Chicago, Thaler spent 40 years studying human bias and temptation before […]
The Dallas Cowboys and “Big Data”
[social_share] A man by the name of Gil Brandt, who revolutionized player evaluation for the Dallas Cowboys, has just been inducted into the Pro Football Hall of Fame. While his reputation is legendary and his track record astonishing – Dallas had a winning season every year from 1966 to 1985 – there was a crucial […]
Larry Bermans’ views on the next recession
WHEN? Thursday, September 27th 2018, 5:00 – 5:59 pm Mr. Berman will take a look at the key issues with a special focus on: The odds of an imminent recession Current market conditions The “behavioural” science of decision-making About Larry Berman, CFA, CMT, CTA: Larry is well known as the host of Berman’s Call on […]
Decision Fatigue
The average American adult makes over 35,000 decisions each and every day, as recently reported by The Wall Street Journal (WSJ). This is likely no different for Canadians. Not every decision is critical – for example, what to eat for breakfast or which shoes to wear – but when these seemingly simple tasks engage our […]
8 Questions to Ask Your Financial Advisor
A total wealth strategy will always benefit from the support of an objective, skilled advisor whose decisions will not be based on emotion. Much like asking a doctor for medical advice, wealth management is most successful when performed by a disciplined professional who has their clients’ best interests at heart (and hopefully, a decent bedside […]
