Money, complexity, and psychology

"Everebody needs to understand HEALTH and MONEY"

P-FINANCE Wealth, loser's game, and uncertainty

• The Psychology of Money: Timeless lessons on wealth, greed, and happiness --- by Morgan Housel

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.

a review
long pdf and short pdf

• The Geometry of Wealth: How to shape a life of money and meaning ---- by Brian Portnoy

... based on the idea that wealth, truly defined, is funded contentment. It is the ability to underwrite a meaningful life. This stands in stark contrast to angling to become rich, which is usually an unsatisfying treadmill.
good review

• Dan Crosby The laws of wealth

a part

• Chris Ellis Winning the Loser's Game

why loser's game

If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right Elizabeth W. Dunn, Dan Gilbert

Taking risk and taking complexity is life

Taking risk and not keeping all options is an act of reducing complexity, while complexity and uncertainty have irreducible property

But we are looking for meaning and simplicity, therefore we need thinking tools
When no single truth, we need flexible mechanisms beyond science
Markets is such a mechanism. Capitalism is such a system.
Markets are public information machines, investors are private information machines. Both, markets and investors, have behavioral biases, so not just machines.

Do we have tools for handling complexity in science, finance, and economy?