A theory about Game Theory, and noise
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A theory about Game Theory, and noise
There is a kind of symbiosis between the irrational traders and the skilled ones—just as, in a poker game, good players need some fish at the table to make the game profitable to play in. In the financial literature, these irrational traders are known as “noise traders.” As the economist Fisher Black wrote in a 1986 essay simply called “Noise”: Noi
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
Starting in the 1990s, however, a lot of the activity that began dominating the attention of knowledge workers like Mann wasn’t the execution of discrete tasks, but instead interactions with others about these tasks. The introduction of personal computers, followed soon after by electronic communication tools like email, transformed office collabor
... See moreCal Newport • Slow Productivity: The Lost Art of Accomplishment Without Burnout
"I think it's good to step back from the moment-by-moment noise. Investors sometimes get caught up in the noise, but it's really important to step back….so Daniel Kahneman, my favourite author from Thinking Fast and Slow, wrote a book called Noise and he laid out…an example of somebody taking target practice. Bias is if every shot is up and to the ... See more
Das Narayandas • Quotes from Seth Klarman Interview
process-centric approach to e-mail, and it’s designed to minimize both the number of e-mails you receive and the amount of mental clutter they generate. To better explain this process and why it works consider the following process-centric responses to the sample e-mails from earlier: Process-Centric
Cal Newport • Deep Work: Rules for Focused Success in a Distracted World
One way we can do this is by editing our tendency to step in. When we are added onto an e-mail thread, for example, we can resist our usual temptation to be the first to “reply all”.