by Henry Oliner | Sep 1, 2010 | Business, Economics, Economy, Foreign policy, Israel, Politics, Random
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 inundated with...
by Henry Oliner | Aug 15, 2010 | Economics
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 winning forty dollars (with return of principal guaranteed) the...
by Henry Oliner | Jan 11, 2010 | Business, Financial, Foreign policy
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 prospect of a crash in China is real. The banking...
