Tomorrow’s Market Probably Won’t Look Anything Like Today
February 13, 2012 | by Carl Richards | The New York Times
Every day we rely on habit to get a lot of things done. We commute the same way to work every day, we eat at the same restaurants and we shop at the same stores. We rely on habit to help us make things easier because few people want to reinvent their lives every day. But this habit of forming habits also does something else. In academic circles, it’s called the recency bias, and it can trick us into making decisions we might not make otherwise.
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