Rock, Paper, Scissors: Game Theory in Everyday Life (book review)
One of the most common questions I get is, "Can you recommend an introductory book on game theory-a book without a lot of math?"
When I first got this question, I was hard pressed to find an answer. Game theory is a mathematical science, and many presentations can be intimidating. For ...
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The Misbehavior of Markets
Personal note: this is the first post since my hiatus a few weeks ago...Postings will still be slow in the next week. Also, if you're emailed me I'm still working on replying back--but hope to be back to full speed soon. Thanks for understanding during this transition.
Why do markets misbehave? ...
The Automatic Millionaire: book review and criticism
Can you become a millionaire...without making a lot of money or having willpower? You can, promises money writer David Bach in The Automatic Millionaire. Bach is one of the most popular money advisers and his explanations can be very catchy (he's the one who coined the term "the latte factor").
Does ...
Blunder: Why Smart People Make Bad Decisions
It was at Stanford that I truly understood that smart people blunder just like everyone else. To be honest, the realization came as something of a surprise during my freshman year.
I was stunned how people much smarter than me were making bad decisions. There was the person that set off ...
Die Broke: A Radical Four-Part Financial Plan
Conventional money wisdom focuses on saving. If you earn more, limit expenses, and plan properly, you'll be able to save enough for retirement and still have something to pass along to the kids. This is the philosophy on which most advisers operate. But there is just one problem-the conventional wisdom ...
The Money Book for the Young, Fabulous and Broke
What advice would you give to young people struggling with debt?
I was wondering this question and decided to see what the experts had to say. I recently read The Money Book for the Young, Fabulous & Broke by financial expert Suze Orman. I have seen Orman appear on ...
Book reaction to The No Asshole Rule
I’ve always felt being friendly gives results than being a jerk. On that note, I enjoyed reading Robert Sutton’s book The No Asshole Rule, which argues that businesses can be more successful if they avoid hiring assholes.
Sutton defines assholes in the first chapter as people who (1) make a target ...
