Hey, that title looks familiar!
The graphic, however, is terrific:
click for larger graphic
Source:
Six ways our brains make bad financial decisions
DAN ARIELY AND NINA MAZAR
The Globe and Mail January 25 2013
http://www.theglobeandmail.com/report-on-business/rob-magazine/six-ways-our-brains-make-bad-financial-decisions/article7859455/
Category: Digital Media, Psychology
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Brain?
Looks more like a digestive system, pinching off a loaf.
http://blogs.scientificamerican.com/guest-blog/2013/01/30/leveraged-yield/
[...] Some of Charlie’s most powerful writing consists of a narrative list of the various dysfunctional heuristics that impact human decision making. Munger’s writing and speaking in not as academic as others like Dan Ariely, Daniel Kahneman, James Montier and Michael Mauboussin (see generally http://www.theatlantic.com/business/archive/2013/01/the-irrational-consumer-why-economics-is-dead-wrong-about-how-we-make-choices/267255/ ), but he is often more amusing and practical. He is certainly more direct in many cases. For a great graphic see: This is your brain on behavioural economics http://www.ritholtz.com/blog/2013/01/this-is-your-brain-on-behavioural-economics/ [...]