Author Archive for: ‘Wesley R. Gray, Ph.D.’
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Complexity ==> Confusion and Dysfunction
A heartwarming paragraph from a paper I’m reading: Miller (1956) argued that there are definite limitations on the number of conceptual units that humans can handle at any one time. As the complexity of the information increases, effective use increases only to a point. Once complexity increases beyond this point, use …
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Stocks as an Inflation Hedge
An oldie, but goodie from Warren Buffett. The guy is so smart it is scary. http://features.blogs.fortune.cnn.com/2011/06/12/warren-buffett-how-inflation-swindles-the-equity-investor-fortune-1977/
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Even Monkeys Suffer from Behavioral Bias
We all know that Monkeys are the genetically superior life form when it comes to cognitive reasoning. We’ve highlighted this fact in our book Quantitative Value and in a recent series “Models vs. Experts“. These authors bring up a new question: Do Monkeys suffer from …
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Models vs. Experts #6: Predicting Male Psychological Disturbance
MMPI in actuarial diagnosis of psychological disturbance among college males Cooke, J. K. Journal of Counseling Psychology, 14, 474-477 A version of the paper can be found here. Want a summary of academic papers with alpha? Check out our free Academic Alpha Database! Abstract: An actuarial formula …
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NASDAQ 3000–still a long way from 5000!
Amazing to think that in 2000 the Nasdaq was over 5,000. Here is an old article from the Street.com: http://www.thestreet.com/story/897915/1.html But was this a bubble? Bubbles are like porn: hard to define, but easy to identify when you see it… A conservation among leading academics …
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