“America pays its bills. It always has. It always will. The fact that Washington is now debating whether to honor its debts and obligations, then, should come as a surprise. But playing political football with a necessary vote to raise the nation's debt ceiling has become as predictable as a Twitter rant from Charlie Sheen.” ShouldFactsAmericaPoliticalNationsPayFootballHonorVoteRaisesBillsSurpriseDebtObligationCharlieCeilingsPredictableRantDebt Ceiling Author:Peter Welch
“Social science and humanities ... have a mutual contempt for one another, the former looking down on the latter as unscientific, the latter regarding the former as philistine. ... The difference comes down to the fact that social science really wants to be predictive, meaning that man is predictable, while the humanities say that he is not.” MenWantFactsHumanitySocialDifferencesFormerLatterMutualContemptPredictableSocial ScienceLooking DownPhilistines Author:Allan Bloom
“Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight. They perceive events that occurred to have been more predictable before the fact than was actually the case.” PeopleLooksHas BeensFactsRealityPastCasesEventsCurrentsObviousPerceiveBiasPredictableForesightHindsight Book:Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing Source: Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing