Word: picking
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...banks and the automakers. Will we look back in 10 years and wish we had bought them now? Viewing them as stock groups, I think we will. But that's an important distinction - in both cases, if you buy an individual automaker or an individual bank, you could pick the wrong one and it could be liquidated. But if you talk about the industry group, the answer is yes, especially for the banks...
...Tversky and Kahneman discuss an experiment in which subjects were asked to estimate the percentage of African countries represented in the U.N. Before they guessed, a researcher spun a wheel of fortune in front of them that landed on a random number between 0 and 100. People tended to pick an answer that wasn't far from the number on the wheel, even though the wheel had nothing to do with African countries...
...mistake - that is, making a decision based largely on an unrelated piece of information, like a random number that appears on a wheel. Anchoring occurs all the time, like when you're asked to look at your Social Security number before answering a question (you're more likely to pick an answer close to the digits in your SSN). A team of researchers even showed in a 2003 paper in the Quarterly Journal of Economics that people will endure more physical discomfort (exposure to an unpleasant noise) for less monetary compensation in a lab setting when they are anchored prior...
House: Currier Concentration: English Hometown: South Londonderry, Vermont, America Ideal Date: Eating Nutella and watching The Colbert Report on a rocket ship What you look for in a girl/guy: That she is not a girl/guy Where to find you on a Saturday night: thewarble.com Your best pick up line: Wait! Don’t drink that. I am a scientist. Best or worst lie you’ve ever told: Man, I would kill for some cereal right now. Something you’ve always wanted to tell someone: Oh my God, look at all these babies I just saved...
...cares about services, some would wonder, when there has been a change in leadership? Saddam is not in charge. And maybe now, maybe soon, neither will the United States. As I was headed into the Green Zone the next day to pick up my credentials, an Iraqi army soldier stopped me. He did not want to let me through his checkpoint. Through a translator, he said that I would need a military escort to come get me, though the reporter I was with said no one had ever needed one before. A young U.S. Army soldier nearby agreed that...