We are all subject to confirmation bias — a tendency to find, or interpret, facts to support opinions we already hold. But truthiness is more extreme, occuring when conviction is prized over information.
22 April 2015, Financial Times
15 April 2015, Financial Times
Following the global financial crisis there has been much discussion of curriculum reform in university economics teaching. More pluralism is required, but there is no need for “two communities within the same discipline”.
08 April 2015
John describes lessons for democratic politics from Hotelling’s model of spatial competition.
01 April 2015, Financial Times
One reason modern air travel is reassuringly safe is that investigation into accidents is honest and thorough. The contrast with finance could hardly be greater.
25 March 2015, Financial Times
A mechanism of funding pharmaceutical research which leads to drug prices far in excess of marginal cost is bound to lead to anguish and injustice. But is there a better idea?
18 March 2015, Financial Times
Senior jobs in private-sector finance are taken almost exclusively by men. Since there is a link between testosterone and risk taking perhaps now’s the time to redress the balance.
11 March 2015, Financial Times
Children love to play with new toys but hate disruption to their routines. These traits persist in adult life: innovation is readily adopted when it is incorporated in new gadgets but innovation that involves doing things differently is resisted. There are understandable reasons for this.
04 March 2015, Financial Times
Michael Porter warned on the danger of being “stuck in the middle”. Companies, he said, must either gain a cost advantage or emphasise product differentiation. But what really matters is enjoying a competitive advantage in the market position you choose.
25 February 2015, Financial Times
The Supreme Court of the 1870s took the view that free speech and honest speech were two sides of the same coin. In 2010 the same court held that the expression of views you are paid to hold is an activity deserving of the protection awarded to free speech under the First Amendment.
18 February 2015, Financial Times
Extremes among observed outcomes are much more often the product of “off-model” events than the result of vanishingly small probabilities. The implication is that most risk models are unsuitable for the principal purpose for which they are devised: protecting financial institutions against severe embarrassment or catastrophic failure.
28 May 2008, Financial Times
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