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Nov
14
2011

All very valid arguments, but who will bell the cat?

www.nytimes.com/...end-bonuses-for-bankers.html
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nytimes banking economics risk

  • Adam Smith himself was wary of the effect of limiting liability, a bedrock principle of the modern corporation.
  • Consider that we trust military and homeland security personnel with our lives, yet we don’t give them lavish bonuses. They get promotions and the honor of a job well done if they succeed, and the severe disincentive of shame if they fail. For bankers, it is the opposite: a bonus if they make short-term profits and a bailout if they go bust. The question of talent is a red herring: Having worked with both groups, I can tell you that military and security people are not only more careful about safety, but also have far greater technical skill, than bankers.
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Jul
26
2010

Interesting and simple way to look at conditional probability. Would also be interesting to relate it to octopus Paul & his WC 2010 predictions.

opinionator.blogs.nytimes.com/...chances-are
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probability statistics math nytimes mathematics science education risk chance

Nov
16
2009

Research seems to indicate a couple more higher order traits over the Big 5, viz., stability and plasticity. And they seem to have to be dependent on serotonin and dopamine levels in the body.

www.psychologytoday.com/...the-horns-or-sit-the-sidelines
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psychology traits risk personality

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