Where are you growth?

Where are you growth?

Where is your growth? by Thomas Charpillet Last weekend, I booked a trip to Croatia for my summer holidays. With new technologies, everything goes so fast and, especially, it has never been so easy to travel. I used the well-known website: Airbnb. I was able to rent...
The Disposition Effect

The Disposition Effect

The Disposition Effect  Download PDF  In an efficient market, of course, the disposition effect should not be present; the price paid for the asset is a sunk cost by the time of sale. However, the field of behavioral finance has proven many times that it was false: we...
The Prospect Theory

The Prospect Theory

The Prospect Theory Open PDF =>    The prospect theory was developed by Daniel Kahneman and Amos Tversky between 1979 and 1992. They showed how human decisions depart from those predicted by standard economic theory in decision-making under uncertainty. The...

(strategic) Lethargy

(strategic) Lethargy Download PDF Scientist and philosopher, Blaise Pascal, extoled in the year 1654 what a majority of investment management professionals still can’t understand: ‘All of humanity’s problems stem from man’s inability to sit quietly...

Second Order Thinking

Second Order Thinking  Download PDF  “First-level thinkers think the same way other first-level thinkers do about the same things, and they generally reach the same conclusions. By definition, this can’t be the route to superior results. The problem is that...
The Concept of Time Inconsistency

The Concept of Time Inconsistency

The Concept of Time Inconsistency Download PDF  In economics, time-inconsistency is the problem that arises when a decision maker, especially a policymaker, prefers one policy in advance but later enacts a different one. Deciding among alternative policies at...