1. GMO QUARTERLY LETTER October 2010 The Ruinous Cost of Fed Manipulation of Asset Prices My diatribe against the Fed s policies of the last 15 years became, by degrees,…
1. Behaviorist Learning Theory 2. Behaviorist Learning Theory • Main tenet is that all behavior is caused by a corresponding external stimulus. • Behavior is determined…
Slide 1 A Thought Experiment 2 doors.1 and.2 probability of getting a dollar respectively Can get a dollar behind both doors on the same trial Dollars stay there until collected,…