Monthly Archives: January 2012

PMPT Marries Prospect Theory

Introduction: ¬†Believing in a theory as evidence mounts disproving its merits will lead at first to disappointment and then to a better theory.¬† Concocting a strategy that solved the previous market fiasco without any theoretical foundation will lead nowhere.¬† All … Continue reading

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Should The Government Regulate Risk Taking?

How much risk was this woman taking? How would one measure it? There were 40 some people in our group when my wife had this picture taken and nobody got gored. So, was this a riskless transaction? Just because you … Continue reading

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