Word: banking
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...Kahneman opened the evening by presenting a series of examples of persistent flaws in intuition. In his “Linda” scenario, for example, Kahneman revealed the tendency for people to misjudge probabilities. Respondents frequently estimate that the likelihood of a woman named Linda being both a bank teller and active in the feminist movement was greater than the probability of her just being a bankteller, simply because of the way Linda is described. But base-rate probabilities make it impossible for this to be true. In a later slide, Kahneman displayed two identical multiplication problems...
...consequences can seem very difficult to justify. We grow accustomed to seeing the same unfortunate people in the Square: the same sleeping bags outside the Coop at night, the same cajoling man selling Spare Change News outside Au Bon Pain, the same lady on the benches in front of Bank of America. Familiarity breeds blind comfort, and somewhere along the line, we begin to see our neighbors in the Square as the nameless homeless, instead of people much like ourselves. We cease at last to be sympathetic to their misfortunes or interested in their lives, instead coming to ignore them...
...head off the food issue, Preval has pledged to promote egg, chicken and rice production and subsidize fertilizer costs; the World Bank has promised $10 million in emergency aid and Venezuela's Hugo Chavez has agreed to send 364 tons of food, including chicken, milk and lentils. But in Haiti, even the smallest of economic fissures very quickly widen to swallow up any attempt at political equilibrium...
...energy. The conference opened with a keynote session, moderated by Business School Senior Lecturer in Business Administration Michael Chu, which discussed how the private sector and the public sector can work together to improve living conditions for impoverished Latin Americans. Luis A. Moreno, president of the Inter-American Development Bank, talked about the past inclinations of the Latin American private sector, which focused on the higher classes of the economic pyramid and on external markets. “Those companies that did not enter the international arena did so at their own peril, and many disappeared,” Moreno...
...again between 2004 and 2006). The respondents answered 11 questions about whether they had been discriminated against in the context of common life experiences - including applying to college or for a scholarship, renting or buying a home in a neighborhood they desired, applying for a bank loan or dealing with police. Participants answered nine additional questions about everyday experiences, such as how they were treated in restaurants, and whether they had encountered name-calling, harassment or threats. The subjects were asked to indicate the reasons they felt they had been discriminated against (facing police harassment, for example, or being denied...