Monthly Archives: October 2014

You Must Be Fast

Posted on October 28, 2014 by Laura Alford, PhD

Spent this weekend being “Sports Mom,” which means soccer and swim for my family. We were waiting for Lyle’s last event when a kid in front of us asked him what he was swimming. Lyle: 100 breast. Kid: Heat 2? … Continue reading →

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Take It to the Limit

Posted on October 8, 2014 by Laura Alford, PhD

I really like my Math for Economists teacher, even though he says the most ridiculous things like, “If you’ll recall.” Yesterday he said, “If you have a modest recollection of basic algebra,” so I think he may be catching on…. … Continue reading →

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The Utility of Loss

Posted on October 6, 2014 by Laura Alford, PhD

I learn something new about every 10 minutes these days. But when we covered Prospect Theory last week, I had a real Epiphany. The chapter discussed irrational decision making (I’m kind of an expert), and examined the underlying reasoning, which … Continue reading →

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