Human logic is more like quantum logic than formal logic. The Physics of Finance in “Quantum thinking” points to an article in New Scientist (actually the cover piece) about the connection between the mathematics used in quantum physics and the non-logicality of human logic.  The blog post also gives some interesting background on the writing … Continue reading →

Deus Ex Macchiato has a brief post called “Prices as modified Schelling Points”.  It is a cute little idea about how markets work. I had known of the concept of Schelling points but not their name. Subscribe to the Portfolio Probe blog by Email

Dan Ariely has a post called “Asking the right and wrong questions” about financial advisors.  It starts off with: For the most part, professional financial services rely on clients’ answers to two questions: How much of your current salary will you need in retirement? What is your risk attitude on a seven-point scale? In his … Continue reading →