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The Psychology Of Decision Making

The Psychology Of Decision Making

The Psychology Of Decision Making by Amos Tversky, CFA Institute Abstract Three areas of “cognitive illusion” that violate basic assumptions of the classical economic model of decision making are risk attitudes, mental accounting, and overconfidence. Their existence indicates that the […]

Barington Capital Letter to Avon Products

Barington Capital Letter to Avon Products

On the Value Destruction at Avon Under the Current Board and Senior Management Team: “Avon’s stock price has fallen from its 2012 high of $23.52 (reached shortly after the Board rejected Coty Inc.’s fully financed cash offer to acquire the […]

Will Brazil Impeach Rousseff?

Will Brazil Impeach Rousseff? by Bruno Gonccalves Rosi, Mises Institute A few years ago, in 2009, The Economist magazine published an issue with its front cover showing a picture of the statue of Christ the Redeemer, one of the main […]