Yesterday’s New York Times Magazine brought the 8th Annual “Year in Ideas,” full of thought provoking, sometimes amusing, articles, patents and more. One I found relevant to the current investing situation was the paper published by a team of Israeli scientists in the Journal of Economic Psychology earlier this year, titled “Action Bias Among Elite Soccer Goalkeepers: The Case of Penalty Kicks.” The authors analyzed 286 penalty kicks and found that 94% of the time the goalies dived right or left; only 6% of the time did they stay in the center. Yet the ball was stopped most frequently...
