I was looking for a different 'Ruth effect' this morning, but this little (430KB) PDF was certainly worth the download and read.
http://www.turtletrader.com/pdfs/babe-ruth.pdf
It seems to be endless, the way our gut instincts are at odds with reality when it comes to thinking about risk and probability.
(Here's what I was looking for btw - https://jira.secondlife.com/browse/VWR-5668)
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