Kahneman Daniel – Investor Psychology
Decision theorist Howard Raiffa [1968] introduces useful distinctions among three approaches to the tahlil of decisions. Normative tahlil is concerned with the rational solution to the decision problem. It defines the ideal that actual decisions should strive to approximate. Descriptive tahlil is concerned with the manner in which real people actually make decisions. Prescriptive tahlil […]
Michael Panzner – The New Laws of the Stock Market Jungle
To survive in the jungle, you must recognize thesubtle nuances that signal danger and opportunity. That’s how it is inthe stock market, too. But the market’s radically changed: followyesterday’s signals and you’ll get eaten alive. The New Laws of theStock Market Jungle systematically explains what’s new — and what itmeans to investors. Michael J. Panzner […]