Category Archives: Economics

Introduction to Renewable Energy

Nobody wants to see a disastrous oil spill. But when there’s a large solar energy spill, we just call it a nice day. 😀 Investing in green energy has been a tough sell in the past because it wasn’t economically viable. But we have reached an inflection point where the a risk vs reward for renewable energy has become an attractive option for… Read More »

Pay More Attention to History, Less on Forecasts

Economics is the only profession where you can gain great eminence without ever being right. Remember earlier this year when just about everyone anticipated higher interest rates, but then the Bank of Canada slashed rates instead? If mainstream economic predictions were right interest rates would be a lot higher by now, our wages would have grown to keep… Read More »

Overconfidence and the Dunning–Kruger effect

Many people are unaware that they are victims of the Dunning-Kruger effect, which is a cognitive bias wherein unskilled individuals suffer from illusory superiority, mistakenly assessing their ability to be much higher than is accurate. Conversely, highly skilled individuals tend to underestimate their relative competence, falsely assuming that tasks which are easy for them are also easy for… Read More »

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By | 02/10/2015

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