We mortals pride ourselves as rational beings, but we act emotionally. We get attached to previous positions, and will discount or filter evidence rather than change our minds. We read the news for confirmation rather than information. We are so
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In a world of uncertainty it is more important to know the odds than to know the facts. In a business bet, if you have a thirty percent chance of winning one hundred dollars or a seventy percent chance of
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My first post of 2010 was The End of the China Decade, but it focused more on the rise of India. The New York Times published Contrarian Investor Sees Economic Crash in China by David Barboza seven days later. The
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