Bring in the just machines please!

As hinted in an earlier post, human beings are not exactly behaving in a consistent and measurable way when it comes to acting upon risk. I usually consider evolution to be rational and therefore people to be rational in some paleolithic sense but sometimes I wonder. In a book published only (?) on the Internet, Aswath Damodaran summarized a number of interesting facts about our behavior when exposed to risk: Individuals are Continue Reading