Friday, February 2, 2018

Finance has a role to play... and YES Virginia.... You CAN work in Finance and be Harvey Lodish!...

Understanding the Decision Maker at a Deeper Level...(87)

"Over the last decade, in response to the empirical shortcomings of neoclassical economics and the theoriyical boundaries of prospect theory ( and related approaches ), an intellectual revolution emerged in our understanding of the biological bases of human and animal decision making. It is hard to underestimate the scale of this revolution. In 1992, for example, at the annual; meeting of .....

MFiM... ReThink... Context Matters...

Modular-Finance... A MultiVerse Construct...

"There isn't a single story. The way we understand economics and economies is by learning from lots of sources and thinking about them in a lot of different ways."

"You can't understand how the financial crisis came about without understanding the politics of the relationship between the financial sector and government and the anthropology of the culture of these organizations, or indeed without appreciating yhe history of bubbles and financial crisis."

Hat tip ~ John Kay, British Economist, Economics in the Real World

Homo Sapiens vs Homo economicus

"It took millions of years for man's instincts to develop I will take millions more for them to even vary. It is fashionable to even vary. It is fashionable to talk about changing man. A communicator must be concerned with unchanging man. 

Evolution at the Speed of Thought...

The evolution of ideas, accomplished at the speed of thought, is at the heart of what separates us from other species and allows us to dominate our world.

Modular-Finance... Connecting the Dots... and Combinatory Play...

As Maria Popova puts it... "Inorder for us to truly create and contribute to the world, we have to be able to connect countless dots, to cross pollinate ideas from a wealth of disiplines, to combine and recombine these pieces and build new castles." This understanding of creativity as connection and recombination makes the blank piece of paper not only unhelpful but actually counterproductive. So, ditch it.