knightian uncertainty

MARKET MIND GAMES, A Radical Psychology of Risk

Risk ain’t what it used to be – if fact, most of the time it isn’t even risk at all. Instead it is something called Knightian Uncertainty – or the fundamental inability of humans to know for sure what will happen tomorrow. Yet we have to make decisions about tomorrow all the time.

Reams have been […]

By |January 8th, 2012|Perception, ReThinking|0 Comments

Pre-eminent Physical Experience

The way we see it, the brain will always win in the end so why not get started as soon as possible on working in concert with a brain and a body that work together to assess and address uncertain situations - price movement or sand traps.

By |May 27th, 2009|Emotion Analytics, Learning Psych Cap|10 Comments

How to Leverage Emotion in Market Judgments

The thing is - all of this requires both a change in perspective and more importantly, putting the same effort into understanding your internal signals as you put into the ones the market is providing!

By |May 17th, 2009|Markets|8 Comments

Zweig is Almost Right – Today’s WSJ

that some other human being is going to be willing to pay a different price than you pay at some moment in the future. Markets are no more and no less.

By |March 7th, 2009|Markets|0 Comments

an Uncertainty circuit

With apologies for being out of touch, I would like to make a couple of notes on psych cap. First, and I have said this before in different way, it really does appear that our brains have special “curcuits” for detecting imprecision or uncertainty. In other words, that feeling that someone or something is there […]

By |January 23rd, 2009|Emotions & Decisions|0 Comments

Elise Payzan Le Nestour on “The Brain on Risk”

On The Ubiquitous Missing Information in Markets: What Neuroeconomics Has to Say
‘Ambiguity’ is the Hallmark of Trading and Investing
The situation of taking a position when the odds are uncertain because of missing information is referred to by economists as “ambiguous”. F Knight in his book Risk, Uncertainty, and Profit was the first to emphasize ambiguity […]

By |November 4th, 2008|Emotions & Decisions, French PhD Chick|4 Comments