Sunday, December 21, 2008

Biases

I chapter one of Nudge, Thaler and Sunstein list the following biases:

1) Anchoring - our tendency to answer questions by finding an anchor and adjusting our answer.
2) Availability Bias
3) Representativeness
4) Optimism and Overconfidence
5) Loss aversion
6) Status Quo Bias
7) Framing

Thursday, December 18, 2008

Scientists debunk myth that most heat is lost through head | Science | The Guardian

Scientists debunk myth that most heat is lost through head | Science | The Guardian

"The face, head and chest are more sensitive to changes in temperature than the rest of the body, making it feel as if covering them up does more to prevent heat loss. In fact, covering one part of the body has as much effect as covering any other."

"Another myth exposed by the study was that sugar makes children hyperactive. At least a dozen high-quality studies have investigated the possibility of a link between children's behaviour and sugar intake, but none has found any difference between children who consumed a lot and those who did not."

Sunday, November 16, 2008

Extract from Malcolm Gladwell's Outliers: Is there such a thing as pure genius? | Books | The Guardian

Extract from Malcolm Gladwell's Outliers: Is there such a thing as pure genius? | Books | The Guardian: "The curious thing about Ericsson's study is that he and his colleagues couldn't find any 'naturals' - musicians who could float effortlessly to the top while practising a fraction of the time that their peers did. Nor could they find 'grinds', people who worked harder than everyone else and yet just didn't have what it takes to break into the top ranks. Their research suggested that once you have enough ability to get into a top music school, the thing that distinguishes one performer from another is how hard he or she works. That's it. What's more, the people at the very top don't just work much harder than everyone else. They work much, much harder."

Tuesday, September 30, 2008

Money As Debt

Yet more evidence that the world does not work the way you think it does. Money As Debt explains the
Fractional Reserve Banking System. I had no idea but it sure explains why the credit crunch is so potentially devastating to the economy.

Tuesday, September 2, 2008

Monday, September 1, 2008

Bad Science � Think yourself thin…

Bad Science � Think yourself thin…: "Their health, measured by things like weight, body fat, body mass index, waist-to-hip ratio and blood pressure, was related to their perceived amount of exercise, rather than the actual amount of exercise they got"