Brain scans of traders
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     stickman
Member
Username: stickman
Post Number: 739
Registered: 06-2004Rating: N/A
Votes: 0
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| | Monday, February 06, 2006 - 11:57 am: |  
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Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
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ann
Member
Username: ann
Post Number: 1158
Registered: 04-2004Rating: N/A
Votes: 0
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| | Monday, February 06, 2006 - 01:00 pm: |
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Lovely Stickman,
I wonder if that means, the greater the sexual prowess the better the trader?
That is something to ponder!
I heard elsewhere that the best traders tended to be brain damaged Alcoholics.
So as you sit in front of your screens pushing buttons and making bids and offers just think, it turns the solitary trader into something quite exotic. Still you guys knew that anyway, didn't you!
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dutchdanish
Member
Username: dutchdanish
Post Number: 10
Registered: 10-2005Rating: N/A
Votes: 0
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| | Tuesday, February 07, 2006 - 10:20 am: |
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Taking a pill that enhances decision making in the market 20-30%? I don't know about you guys but this thought scares me. Better enjoy the next 20 years of easy money while you can! 
-Dutch.
"...yet with how many things are we upon the brink of becoming acquainted, if cowardice or carelessness did not restrain our inquiries."
--M. Shelley
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dutchdanish
Member
Username: dutchdanish
Post Number: 11
Registered: 10-2005Rating: N/A
Votes: 0
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| | Tuesday, February 14, 2006 - 09:43 am: |
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Just thought I'd add this little article to the thread. It's about what happens in the brain during an economic decision. Here's a small tidbit.
"Expectations of the future drive investment behavior according to the standard financial models of asset pricing [25]. Yet there are deep implications for asset pricing theory if expectations are generated by a hedonic process. If anticipation of reward activates the NACC during financial market experiments, then it is plausible that expectations are both hedonic (leading to positive affect) and arousal inducing (leading to more impulsive investing behavior). These are not characteristics of a “rational investor.” It is very likely that investors will feel increased impulsivity and excitement when identifying investment opportunities (potential rewards). For example, can you think of any situations in which the prospect of getting a large financial reward, say from an investment, has made you feel excited and impulsive? Most investors report this experience, particularly when the potential pay-off appears close at hand or easy to obtain. The danger is that making decisions with an affective (emotional) bias often leads to irrational decision-making and financial loss."
http://www.richard.peterson.net/Neuroinvesting.htm
(Message edited by dutchdanish on February 14, 2006)
"...yet with how many things are we upon the brink of becoming acquainted, if cowardice or carelessness did not restrain our inquiries."
--M. Shelley
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