When a Little Education Is Dangerous
A little financial education can be a dangerous thing, says one MIT professor of management. It gives investors a false sense of confidence in a world where complexity rules.
A little financial education can be a dangerous thing, says one MIT professor of management. It gives investors a false sense of confidence in a world where complexity rules. "Perhaps better financial literacy among the public would help many people avoid such poor decisions. But increasing knowledge among investors can actually lead to unintended negative consequences, claims Gustavo Manso, an associate professor at the MIT Sloan School of Management, in a new working paper. Indeed, Manso and his co-author, Bruce Carlin, an assistant professor of finance at UCLA, conclude that modest increases in know-how for some investors damage other customers by generating an ‘arms race’ in which financial firms seek new profits by baffling all clients with ever-more arcane products."
Are university safe spaces killing intellectual growth?
Our experience of time may be blinding us to its true nature, say scientists.
- Time may not be passing at all, says the Block Universe Theory.
- Time travel may be possible.
- Your perception of time is likely relative to you and limited.
From questionable shipwrecks to outright attacks, they clearly don't want to be bothered.
- Many have tried to contact the Sentinelese, to write about them, or otherwise.
- But the inhabitants of the 23 square mile island in the Bay of Bengal don't want anything to do with the outside world.
- Their numbers are unknown, but either 40 or 500 remain.
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