Archive | September, 2012

Origin of the Word Upset

The English word upset has multiple definitions. The most common implies an anxious uneasiness; as in “I am too upset to say anything.” This emotional version also has a physical equivalent; “My stomach is too upset to eat anything.” In sports and in politics, an upset is to defeat a seemingly better opponent. My favorite…

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The Myth Of Fair Value

To prepare for the upcoming holiday shopping season, I’m reading ‘Priceless: The Myth of Fair Value (and How to Take Advantage of It)‘ by William Poundstone. Poundstone references a wide variety of psychology studies which show consumers are unable to accurately estimate fair prices and are “strongly influenced by the unconscious, irrational, and politically incorrect.”…

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