Warburton: So what you’re saying is that traditional economics has focused on an ideally rational individual, asking, “What would such a person do if he or she behaved in their own best interests based on the information available?” But behavioral economics brings in the fact that we don’t always behave in our own best interests.…
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There was momentary alarm on Japanese social media overnight after a well-known day trader tweeted news of a press conference announcing the resignation of Kuroda. Some day traders jumped to the conclusion that Haruhiko Kuroda, governor of the Bank of Japan, was suddenly poised to step down. More here – Bloomberg
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Sales in Canada’s biggest city rose 12 percent to 9,768 transactions from the same month a year earlier, while average prices jumped 21 percent to C$762,975 ($569,852), according to the Toronto Real Estate Board. The average price of a detached home was C$1,034,077, up 26 percent on the year. New listings rose 0.9 percent to…
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1. Intelligence increases the ability to fool yourself with elaborate stories about why something happened. Average people can often learn faster than the superintelligent, because the superintelligent try to cram the real world into the theories they’ve been taught, while average folks are better at accepting the real world at face value. Here’s the thing:…
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Spotted in the physics department of Ohio State University.
The Psychology and Neuroscience of Financial Decision Making from Trading Game Pty Ltd
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I was going to post the chart below as candidate for the most boring chart of the year alongside the USD/CHF but a wee bit can happen in 24 hours. The S&P 500 has had no net effective gain since 06/2015 which does make it a long time between drinks for long equity traders. When I…
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