Covering a stellar article by Edward Teach over at CFO (subtitle = "Cognitive biases and mental shortcuts can lead managers into costly errors of judgment."), Bruce wonders aloud about the intersection of our biases with SarbOx and sees support for attacks on the "postulate of the purely rational utility-maximizing Homo Economicus." (BTW, although said r-u-m Homo Economicus certainly understands the relative efficacy of jumping into his pants in a singular movement, we can now reveal that we glimpsed H/E putting his pants on one leg at a time AND, dressed as Santa Claus, kissing Mommy ... so we're there and just surprised there are any seats left.) The Teach article is very readable and very interesting and Bruce has linked to it.

Comments ... Will Cognitive Bias Torpedo SOX?