Shane Frederick’s Cognitive Reflection Test — one of the most widely used measures in behavioral science — poses three questions designed to see if you can override your gut with deliberate thinking. The third goes like this: In a lake, there is a patch of lily pads. Every day, the patch doubles in size. If it takes 48 days for the patch to cover the entire lake, how long would it take for the patch to cover half of the lake?

When you zoom out, free goods and services may cost us way more than expected.

How to create a false stereotype through sample bias.

Sutemi-waza are a class of throws in jujitsu or aikido known as sacrifice throws. They are tricky, but very powerful: they work because of the opponent’s momentum.

There’s a game potential clients and advisors play, and I think everyone loses.

There’s a seduction in behavioral science: 'here’s a bias, go be better by not being biased'.

Sometimes, appearing to be a good advisor works in direct opposition to actually being an effective advisor.

Yesterday I had the honor of opening up the Boulder conference on Consumer Financial Decision Making. Here is my presentation:

“I try pick the managers who will be lucky in the future”

An investor without a faith is doomed.