A new paper gives strong indication that on average, individual investors are really poor investors. I mean, really bad.

Dan Goldstein notes the intuitiveness of using graphical representations of probability, especially in Bayesian settings. High-quality , sometimes even interactive, graphics and charts, have increased greatly in recent years as news and other information have migrated to the web. The New York Times has a dedicated staff of graphical artists well versed in information design, and many digital graphical artists are becoming better versed in statistics and displaying ideas and results.