by Sid Peimer | Jun 20, 2014 | Articles |
The seven traps in decision making, and how to avoid them. We get through the day with heuristics. These rules of thumb serve us reasonably well, allowing us to make decisions quickly, so that we can efficiently carry out the tasks that are demanded of us. But...
by Sid Peimer | Jun 20, 2014 | Articles |
In the early days of the automobile industry, engineers agreed that the steam engine was far more efficient than the petrol engine. But in popular races the steam engine produced so much power, that the cars literally fell apart. People then inferred – incorrectly –...
by Sid Peimer | Jun 9, 2014 | Articles |
The legend goes that accounting was invented by a child during a cricket game. As there were 12 children, one had to sit out and keep score. He was really put out by this and got his revenge by keeping score in such a way that only he could decipher it. And so...
