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Japanese see similar » The Black Swan: The Impact of the Highly Improbable
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Nassim Nicholas Taleb »
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If the prescriptions for getting rich that are outlined in books such as The Millionaire Next Door and Rich Dad Poor Dad are successful enough to make the books bestsellers, then one... read more »

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Richard Bookstaber »
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Inside markets, innovation, and risk

Why do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall... read more »


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Phil Rosenzweig »
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Much of our business thinking is shaped by delusions -- errors of logic and flawed judgments that distort our understanding of the real reasons for a company's performance. In a brilliant and... read more »

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Roger Lowenstein »
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On September 23, 1998, the boardroom of the New York Fed was a tense place. Around the table sat the heads of every major Wall Street bank, the chairman of the New York Stock Exchange, and... read more »

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Curtis Faith »
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�We're going to raise traders just like they raise turtles in Singapore.�

. .

So trading guru Richard Dennis reportedly said to his long-time friend William Eckhardt... read more »


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Peter L. Bernstein »
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With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter... read more »

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Peter L. Bernstein »
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"A lot has happened in the financial markets since 1992, when Peter Bernstein wrote his seminal Capital Ideas. Happily, Peter has taken up his facile pen again to describe these changes, a virtual... read more »

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Ian Ayres »
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Why would a casino try and stop you from losing? How can a mathematical formula find your future spouse? Would you know if a statistical analysis blackballed you from a job you wanted?
... read more »

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Alan Greenspan »
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In the immediate aftermath of September 11, 2001, in his fourteenth year as Chairman of the Federal Reserve Board, Alan Greenspan took part in a very quiet collective effort to ensure that America... read more »

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Dan Ariely »
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  • Why do our headaches persist after taking a one-cent aspirin but disappear when we take a 50-cent aspirin?
  • Why does recalling the Ten Commandments reduce our tendency... read more »

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