Introducing fluid time frame decision making

This post will introduce our concept of fluid time frame decision making. At this first stage it is basically a tool for recognizing a certain kind of very pressing situation in which a decision has to be made. There are three basic circumstances that produce a fluid time frame decision situation, and they can be [...]

Thinking in Terms of Opportunity Cost

Opportunity cost is a key concept in economics. Being an economist myself and also being an active financial markets participant, I think in terms of opportunity cost everyday. However, it strikes me how few people actually know about this concept. Loosely defined, opportunity cost is a foregone alternative when a particular course of action is [...]