Test your risk intelligence.
Got this via a press release:
As the current financial crisis demonstrates, many people are bad at thinking about risk. Expert gamblers, however, seem to be an exception. They are less prone to the cognitive biases that affect most of us and as a result, they can think about risk more clearly.
In the next lecture of the 2010 College of Science, Engineering and Food Science (SEFS) Public Lecture Series at UCC, Dr Dylan Evans will present his initial findings from recent interviews conducted with expert gamblers and outline some ways for thinking more wisely about risky choices.
The lecture titled: “Risk Intelligence” – How expert gamblers can teach us all to make better decisions” will be delivered on Wednesday, February 10th at 8pm in Boole IV Lecture Theatre.
Dr Dylan Evans is Lecturer in Behavioural Science in the School of Medicine at UCC. He is the author of several popular science books, including Emotion: The Science of Sentiment (Oxford University Press, 2001) and Placebo: The Belief Effect (Harper Collins, 2003) and writes regularly for The Guardian. He is a Distinguished Supporter of the British Humanist Association, and a Member of the British Fulbright Scholars Association.
Oh for the love of the Gaussian Copula function! The entire financial crisis is based on gambling, it’s a blow up of the dotcom way back when and then the entire inability of the financial community to interpret risk beta, in the same way any expert gambler does…
Gamblers are the kings of cognitive bias… Especially anyone gambling in Ireland, ever hear of an overround? Ivan Yates has, that’s why he’s a fecking bookie…
Saw the presentation at this mornings Open Coffee, very interesting indeed. The presentation was slightly more app oriented than what I assume the lecture will contain. Very interesting topic which covers, for example, the accuracy of doctors diagnosis and critically their personal confidence in the accuracy of that diagnosis which is worryingly poor.
On a long enough timeline, etc.