AHP: Subjective Decisions are Rational

Did you know that all important decisions are really subjective?  This means that you are wise to consider subjective factors, and resist calls to rely only on "objective facts" when you make important decisions.  Here's why.

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Do you know the difference between investing and gambling?

What is the difference between investing and gambling?  The short answer is that in the long run, gambling will result in a loss, but investing will result in a gain.  But how do you know which is which?  In order to tell, you need to know something about the probability distribution.  Following along the arguments presented in the book, The...

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