Yes, this is Economic Psychology! EP1

For video version go to: https://www.youtube.com/watch?v=p-KzFHeb-e0 A Great Controversy between Two Great Forces Economists and psychologists are at an impasse! This disagreement is due to different assumptions about human nature, and economic decision-making in particular. Economists generally assume that people are rational, autonomous, utility maximizers, and self-interested (Henrich et al., 2005). However, psychologists assume that… Continue reading Yes, this is Economic Psychology! EP1

4 ways to Protect Retirement from Stock Market Crashes

For video version go to: https://www.youtube.com/watch?v=kTHR2rx1NfQ Nothing hurts your retirement savings like a stock-market drop, with NASDAQ losing 78% during Dot-com bubble and S&P loosing 58% in the 2007-2009 bear market. The current bull-market is getting shaky and long in the tooth, so one should be cautious. However, you can take various steps to minimize… Continue reading 4 ways to Protect Retirement from Stock Market Crashes

What IQ does not tell us about Pattern-recognition Abilities

For video version go to: https://www.youtube.com/watch?v=hSXDT0YsdTM Unless you score above average, you probably do not like IQ tests. Do not be dismayed though, since there are some key aspects they do not measure. On the other hand, if you score above average, do not get cocky, since that test probably did not measure those missing… Continue reading What IQ does not tell us about Pattern-recognition Abilities

What is the Theory/Practice Difference all about?

For video version go to: https://www.youtube.com/watch?v=rhPSa25QxYI It is only a theory right? All about those ivory towers disconnected from reality? Or is it something more? Is there some mutual ground between theory and practice? So, now let us explore the relationship between theory and practice aka. The Real World. 1. Theory is Good, since we… Continue reading What is the Theory/Practice Difference all about?