Epstein Secrets

are the best out performers during a bear market period can be explained by taking into account some behavioural aspects of investing. Kahneman and Tversky (1979, 1992) for example state that people prefer avoiding losses to making gains of the same amount. This implies that economic agents prefer stock

orms, and that its ban can not simply be extrapolated to all forms of contemporary interest. In fact, the Islamic theological research committee at Cairo's Al-Azhar University ruled 21-1 that loans against a fixed interest rate are not forbidden under Islam (Trouw 2002). Still there are many Muslim s

was also Israeli. They were investigating the effect of human bias and other subjective factors on how we perceive reality, and thus make decisions. Tversky’s work especially fascinated me, because it questioned a basic assumption in the kind of predictive formulas my own department was advancing: that we

s mission so far: targeting the main communications system between Suez City, at the southern end of the canal, and Egyptian military headquarters in Cairo. We were obviously going to have to go in by helicopter. But we faced not just the risk of being spotted on the way in. The buildup of Egyptian force

was also Israeli. They were investigating the effect of human bias and other subjective factors on how we perceive reality, and thus make decisions. Tversky's work especially fascinated me, because it questioned a basic assumption in the kind of predictive formulas my own department was advancing: that we

s mission so far: targeting the main communications system between Suez City, at the southern end of the canal, and Egyptian military headquarters in Cairo. We were obviously going to have to go in by helicopter. But we faced not just the risk of being spotted on the way in. The buildup of Egyptian force