Monkeys and Trading

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RicG
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Monkeys and Trading

Postby RicG » Sun Aug 15, 2010 10:27 pm

The attached video link shows a revealing 20 minute TED talk by Yale Psychology Professor, Laurie Santos, who conducted experiments which introduced monkeys to the concept of money and trading. Her research indicates that monkeys are prone to the same irrational tendencies and mistakes as human traders when it comes to loss aversion - apparently
due to a psychological bias that's 35 million years old.

Learn the lessons exposed in this video and you should be able to get an idea how to take the most grapes (profitable trades) from the monkeys (other traders).

Here's the link:

http://www.ted.com/talks/laurie_santos.html

Enjoy,
Ric

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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 16, 2010 12:42 pm

Thanks!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.


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