Monkey brain traders

Trading Psychology

THE capuchin monkeys working with economist Keith Chen and psychologist Laurie Santos know a good bargain when they see one. They use metal chips as money, buying bits of apple or cucumber from humans, and they seem to know what they’re doing. When the researchers make apple cheaper than cucumber – offering more food for…

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Monkey brain traders

Trading Psychology

THE capuchin monkeys working with economist Keith Chen and psychologist Laurie Santos know a good bargain when they see one. They use metal chips as money, buying bits of apple or cucumber from humans, and they seem to know what they’re doing. When the researchers make apple cheaper than cucumber – offering more food for…

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Why the news is bad for you

Trading Psychology

One of the most troubling thing I find about new arrivals to our mentor program is their reliance upon external sources of news and the profound cluttering effect this has upon their thinking. This paper gives 15 reasons why the news is bad for you . Avoid_News_Part1_TEXT In summary they are – News misleads systematically…

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Handshake

Trading Psychology

When I was a broker there used to be a saying that my word was my bond – I tended to take this quite seriously since my upbringing had been one that instilled a sense of honour in all tasks. Pity others I worked with didn’t see it the same way but thats life in…

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Handshake

Trading Psychology

When I was a broker there used to be a saying that my word was my bond – I tended to take this quite seriously since my upbringing had been one that instilled a sense of honour in all tasks. Pity others I worked with didn’t see it the same way but thats life in…

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Cocktail Party Indicator

Trading Psychology

“If the professional economists can’t predict economies and professional forecasters can’t predict markets, then what chance does the amateur investor have? You know the answer already, which brings me to my own ‘cocktail party’ theory of market forecasting, developed over the years of standing in the middle of living rooms, near punch bowls, listing to…

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