Business & Economics

Behavioral Economics: The Errors Point the Same Way

If people departed randomly from rational choice, the departures would cancel out. They lean consistently in the same directions — which is what makes them worth studying, and worth worrying about.

Markets Price Stories Before They Price Numbers

A quarterly earnings beat means little if it doesn't change the story investors are telling about where a company is headed.

Supply Chain and Logistics: The Ocean Is Cheap, the Doorstep Is Not

Crossing an ocean can cost less per item than the final eight kilometres. Once you see logistics as handling events rather than distance covered, most of the field makes sense.