As the New Year rolls around the media is once again awash with its annual range of predictions for the year ahead. Despite their complete inaccuracy predictions are unfortunately a dominant art of the economic landscape. This raises the question of why people make predictions even though they know they will be wrong and…
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The psychology underlining all high-performance endeavours is universal, and as such, the broad principles can be translated across fields. A recent meta-analysis on the impact of goal setting on performance found the following to be true. Process related goals had a large impact on outcomes. In the trading arena, this would relate to the goal…
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