For decades, the prevailing view of financial markets was one of rational actors creating efficient prices. In recent years, particularly in the wake of the GFC, investors have increasingly adopted a very different view of how markets operate. Loss aversion bias, anchoring, and herding (among others) have all become popular... Show More
Jason Zweig from The Wall Street Journal recently spoke with author, professor, and Nobel Memorial Prize winner Daniel Kahneman, for a brief but interesting interview. In sharing the interview, Zweig has also dipped into his extensive archive of prior interviews and articles – enough to keep even the most ardent... Show More