Luck, Accidents, and the (Mistaken) Sense of Control

What in your life can you control?Not much, as it happens. In fact, most of the areas we feel most in control of are riddled with uncertainty and unpredictability: business, health, parenting, finances. In a lot of cases – like picking which stocks to invest in – the average person actually underperforms random selection. That is, when it comes to picking stocks, a monkey with a dart board and a… Continue reading

March 5 2009 | By Dustin | Tagged: chance, control, decision, risk, undcertaimty | 17 comments»