Suppose you’re on a game show and you’re given the choice of three doors. Behind one door is a car; behind the others, goats. You pick a door, say Number 1, and the host, who knows what’s behind the doors, opens another door, say, Number 3, which has a goat.
He then says to you, “Do you want to switch to Door Number 2?” Is it to your advantage to switch your choice ?
https://pollev.com/slade You may also download the app to your phone. Use the "slade" poll id.
Previously, we discussed Ellen Langer's psychology experiment which suggested that any reason is OK, even if it does not seem to make sense. I invite you to be alert to explanations that you observe in the next several days, and to post any that may be exceptionally good (like getting a COVID vaccine) or wacky (like Aaron Judge). Post to Discussions on canvas.
We have two guest speakers next week:
Career Joined Citadel in 2008 Chief Operating Officer (2019 – Present) Head of Portfolio Construction (2018 -2019) Head of Quantitative Research (2011 – 2018) Quantitative Researcher (2008 – 2011) Prior to Citadel was at both JP Morgan & Credit Suisse Education Ph.D. in Mathematics from Columbia University B.S. Mathematics Caltech
William N. Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies and Faculty Director of the International Center for Finance at the Yale School of Management. He is an expert on a diverse range of investments. Professor Goetzmann’s past work includes studies of stock market predictability, hedge funds and survival biases in performance measurement. His current research focuses on alternative investing, factor investing, behavioral finance and the art market.Professor Goetzmann has written and co-authored a number of books, including Modern Portfolio Theory and Investment Analysis (Wiley, 2014), The Origins of Value: The Financial Innovations that Created Modern Capital Markets (Oxford, 2005), The Great Mirror of Folly: Finance, Culture and the Crash of 1720 (Yale, 2013) and most recently, Money Changes Everything: How Finance Made Civilization Possible (Princeton, 2016). He teaches portfolio management, alternative investments, real estate and financial history at the Yale School of Management.
Additional finance resources:
We at yale have a license for Mathematica which has a lot of financial data baked in including blockchain:
See Consciousness in Artificial Intelligence John Searle, talk at Google. See 9 minutes in for discussion of cognitive science and Sloan talks at Yale.
See Minds, brains, and programs John R. Searle, The Behavioral and Brain Sciences (1980).
See Conceptual Dependency and Its Descendants Steven Lytinen, 1992.
One day Joe Bear was hungry. He asked his friend Irving Bird where some honey was. Irving told him there was a beehive in the oak tree. Joe threatened to hit Irving if he didn’t tell him where some honey was.One day Joe Bear was hungry. He asked his friend Irving Bird where some honey was. Irving told him there was a beehive in the oak tree. Joe walked to the oak tree. He ate the beehive.