September 2004

NOVA Online | Trillion Dollar Bet – a counterintuitive stock trading forumula

frontline: the wall street fix – award-winning documentary on WorldCom and Wall Street

Mark Cuban on the stock market – “I know that sounds crazy, but the stock market has gone from a place where investors actually own part of a company and have a say in their management, to a market designed to enrich insiders by allowing them to sell shares they buy cheaply through options.”

List of cognitive biases – Wikipedia, the free encyclopedia

World Views Wiki :: World Views – very cool Christian topic resource; based in philosophy, citing Aristotle to C.S. Lewis.

The “endowment effect”

Aristotle — Ethics – Aristotle’s claim that habit produces character; not the other way around. Quoting Hamlet, “Assume a virtue if you have it not”

Jones Plumbs the Endowment Effect – “The term Endowment Effect describes the difference between the maximum price a person is willing to pay for something one minute, and the minimum price they would demand to sell it, immediately after they acquired it. Economists predict that the difference between these prices would be nearly zero, whereas…more

Economist.com | Economics focus – the “endowment effect” is what causes people to value things they have more highly than they should–finally I’ve found that Psych 1 field I’ve looked for!

Notebooks – amazing self-made web notebook; notes on topics