Tag Archive : math

Hyperbolic Discounting Bias

From the WSJ: For some pension recipients, the deals seem like the way out of a financial crisis. Joseph Serina, a metal-fabrication worker who spent 21 years in the Navy, received $57,450 three years ago from a group of investors in return for promising them $125,280 in pension payments over eight years. [snip] The biggest [...]

Math and Creativity. Chocolate and Vanilla.

Many people suffer from a peculiar affliction. They believe that complex problems can have simplistic solutions. Like infomercial products, these solutions are usually too good to be true and there is a name for people who buy them. They are called suckers. A few months ago, I finally got around to reading Daniel Pink’s best-seller, A [...]