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Gerhard Stoltz's Library tagged irrationality   View Popular

07 Nov 09

Information Arbitrage: Barking Up the Wrong Tree

  • And which entities are receiving the most heat? The exchanges. The least? The OTC derivatives markets and the rating agencies. Why is this?

14 May 09

Why 'neuroeconomics' is a big, fat hoax - MarketWatch



  • However, her neuroscience references were "entirely irrelevant, basically stating that the phenomenon occurred in a certain part of the brain. But they did the trick: For the novices and the experts (cognitive neuroscientists in the Yale psychology department), the presence of a bit of apparently hard science turned bad explanations into satisfactory ones."




  • Get it? Wall Street does not want rational, informed investors. Wall Street is a money machine, in a good year generating hundreds of billions in fees, commissions, bonuses, and options for insiders. Yes, these folks created the credit meltdown, but arrogantly feel they've suffered more than Main Street, and are already using the same scam to regain power.


10 Dec 08

Asia Times Online :: Asian news and current affairs



  • An unethical economy, he argued, will destroy itself, and



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    economics cannot determine whether any activity is ethical or not.
  • An economic policy that is ordered not only to the good of the group
    - indeed, not only to the common good of a determinate state - but to the
    common good of the family of man demands a maximum of ethical discipline
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