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This article reproduced with permission from Brett Steenbarger Before we get into the topic of destructive trading, allow me to explain how psychologists assess whether or not a person has a problem with alcohol consumption. Here are ten questions that a professional might ask in order to assess any kind […]
“Is it important to be creative in your trading?” I’m not sure I can describe it in terms of importance. The creative process is somewhat of a mystery, even to scientists who study it. There are a few common characteristics that all creative persons possess (such as an openness to […]
This article reproduced with permission from Brett Steenbarger Although I do not maintain a private practice of counseling/coaching for traders, it is perhaps inevitable that traders would contact me for assistance after reading my book on The Psychology of Trading. Once in a while I take on a project of […]
By Sendhil Mullainathan, Richard H Thaler Abstract / Introduction: Behavioral Economics is the combination of psychology and economics that investigates what happens in markets in which some of the agents display human limitations and complications. We begin with a preliminary question about relevance. Does some combination of market forces, learning […]
Cognitive dissonance is the term used to describe the discomfort people have when they are expected to believe two or more ideas that, on their face, seem to be contradictory. Backtesting is the application of a trading system to an historical data series. Expert opinions of backtesting bring about cognitive […]