A few weeks ago, I attended the annual meeting of The Social and Affective Neuroscience Society (SANS) - a seemingly unlikely place to figure out how to resolve a trading mistake! Those who follow me know I am not only a closet academic but that many of the advanced trading psychology…
In technical terms, the researchers call this projected emotion, "anticipatory affect". In simple terms, the results of this meta-analysis of the brain's reaction to probabilities in risk goes like this: 1. A trader or PM takes in information about the expected mean, variance or skewness of a trade. 2. The…
As I prepare for The Galtere Institute's Behavioral Finance symposium, I am doing what I always do before I speak - catching up on the latest studies on emotion and risk decision making. For example, did you know that there is actually still much disagreement in science about what emotion…
In response to the post and discussion here by @ppearlman, @andrewunknown asks: Phil's last line: "So, even awareness is overrated. Its a start but really its about your choices. Its where the training begins, not ends." Denise: "What is standing in between the "knowing" and the "doing"?" These quotes rather…
Check this out ....A study done in conjunction with a Harvard neuroscientist - unconscious processes in the most unlikely of places - a complete loss of vision.(Today's New York Times Science Times) Go see the video at the website of Beatrice Gelber The brain is an amazing thing. Happy Merry…
