Recent quotes:

The Paradox of Disclosure - The New York Times

My latest research, published last month in the Proceedings of the National Academy of Sciences, reveals that patients with localized prostate cancer (a condition that has multiple effective treatment options) who heard their surgeon disclose his or her specialty bias were nearly three times more likely to have surgery than those patients who did not hear their surgeon reveal such a bias. Rather than discounting the surgeon’s recommendation, patients reported increased trust in physicians who disclosed their specialty bias. Remarkably, I found that surgeons who disclosed their bias also behaved differently. They were more biased, not less. These surgeons gave stronger recommendations to have surgery, perhaps in an attempt to overcome any potential discounting they feared their patient would make on the recommendation as a result of the disclosure.
#bias #sales #paradox - nytimes.com

Hedge Funds Have Sucked For a Decade

Since the start of 2005 (10+ years), the HFRX Global Hedge Fund Index and HFRX Equity Hedge Index (two investable indices widely used as benchmarks in the industry) have posted negative returns (-1% and -6.4% respectively). Over that same time period, the Barclays Aggregate Bond Index was up 62.1% and the S&P 500 up 97.6%.
#wall-street #paradox - gawker.com

Drinking more coffee may undo liver damage from booze | Reuters

Compared to no coffee consumption, researchers estimated one cup a day was tied to a 22% lower risk of cirrhosis. With two cups, the risk dropped by 43%, while it declined 57% for three cups and 65% with four cups. But the results still leave some unresolved questions.
#alcohol # #paradox - reuters.com

Dylan learned about rock from Billy Graham

When I was growing up, Billy Graham was very popular. He was the greatest preacher and evangelist of my time — that guy could save souls and did. I went to two or three of his rallies in the ’50s or ’60s. This guy was like rock ’n’ roll personified — volatile, explosive. He had the hair, the tone, the elocution — when he spoke, he brought the storm down. Clouds parted. Souls got saved, sometimes 30- or 40,000 of them. If you ever went to a Billy Graham rally back then, you were changed forever. There’s never been a preacher like him. He could fill football stadiums before anybody. He could fill Giants Stadium more than even the Giants football team. Seems like a long time ago. Long before Mick Jagger sang his first note or Bruce strapped on his first guitar — that’s some of the part of rock ’n’ roll that I retained. I had to. I saw Billy Graham in the flesh and heard him loud and clear.
#music #religion #paradox - aarp.org

The 7 paradoxes of the socialist state

Seven paradoxes of the socialist state: Nobody works, but the plan is always fulfilled. The plan is fulfilled, but the shelves in the stores are empty. The shelves are empty, but nobody starves; nobody starves, but everybody is unhappy; everybody is unhappy, but nobody complains; nobody complains, but the jails are full.
#USSR #jokes #paradox #repercussions - talkreason.org

Experiences vanish, make us happier

Experiential purchases are also more associated with identity, connection, and social behavior. Looking back on purchases made, experiences make people happier than do possessions. It's kind of counter to the logic that if you pay for an experience, like a vacation, it will be over and gone; but if you buy a tangible thing, a couch, at least you'll have it for a long time. Actually most of us have a pretty intense capacity for tolerance, or hedonic adaptation, where we stop appreciating things to which we're constantly exposed. […]It's the fleetingness of experiential purchases that endears us to them. […]Even a bad experience becomes a good story.
#econ #happiness #paradox - theatlantic.com