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Posts Tagged ‘Unconventional thinking’

Trading on superstitution

In Financial competency, Humour on 06/10/2012 at 6:07 am

Only a Chinese boy would combine stock market trading with mum’s superstitutions.

http://www.bbc.com/future/story/20120731-bulls-bears-and-black-cats/1

Islam allows alcohol: Time for a Scotch or Tiger today?

In Holidays and Festivals on 19/08/2012 at 7:04 am

Debauched nights in the courts of caliphates were enshrined in the khamriyaat, or odes to wine, by Abu Nuwas, an eighth-century poet. Nobody knows exactly when Islamic scholars decided that booze was sinful … A handful of scholars permit alcohol as long as it is not made from grapes and dates, because these are specifically mentioned in the Koran. But nobody dares open the debate. “No religious scholar is ready to accept the consequences of a fatwa by now saying that beer, spirits, vodka are halal,” says Anas Aboshady, a scholar at the influential al-Azhar University in Cairo.

http://www.economist.com/node/21560543

Solution to SIA’s problem of higher fuel costs

In Airlines on 10/05/2012 at 11:32 am

US airline buys an oil refinery. Taz thinking out of the box.

Pros and cons

http://www.economist.com/blogs/gulliver/2012/05/delta-air-lines

It’s not as though SIA doesn’t have the cash.

How to make better investment decisions

In Financial competency, Financial planning on 09/05/2012 at 7:06 pm

Think thru the issues in a language in which you are competent but not fluent.

http://www.economist.com/blogs/johnson/2012/05/foreign-languages-and-thinking

The tendency to take risky, irrational bets to avoid losses nearly disappeared for those tested the foreign language …

Mr Kahneman … posits two general systems of thinking:  System 1, intuitive and quick, good for most purposes, but prone to those pesky cognitive traps; and System 2, deliberative and slow, better at higher reasoning but effortful to activate and keep active. The brain, which minimises effort where it can, leans on System 1 wherever possible. But modern life presents many problems better suited to System 2. 

The hypothesis behind the “foreign-language effect” is that speaking the foreign language activates System 2 in advance of tackling the tricky questions … Another possible result might have been that using the foreign language tires the brain, and that this fatigue might make people more, not less, prone to mistakes. Mr Kahneman, after all, describes “ego depletion” leading to bad choices in other studies. But in this study, the effect of priming System 2 appears to have been stronger than any fatigue effect.

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