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Happy Birthday, Chris!!

Happy Birthday, Chris!!

Chris turns another year older today

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A Short Lesson in Bad Decision-Making

Humans are simply bad at assessing risk
Friday, January 11, 2013, 5:02 PM

In business school I had to take an introductory class in statistics that we colloquially called "D&D." The official course name was Data & Decision-making.

In retrospect, it was a truly valuable class (one of very few I encountered in b-school). If you can figure out how to use statistics to determine the most probable outcome from a set of scenarios, or find predictive correlations from within a sea of data, that's real power. You can take a lot of the guesswork out of decision-making and consequently make the "right" call much more often. » Read more

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Happy 50th, Chris!

A milestone worth celebrating
Friday, September 14, 2012, 7:07 PM

On Saturday, Chris turns 50. The Fed would have to announce QE4-ever as Chris prepares to celebrate his half-century milestone....

While his family toasts (and roasts) him this weekend, there's no reason we shouldn't do the same. » Read more