The way we see it, the brain will always win in the end so why not get started as soon as possible on working in concert with a brain and a body that work together to assess and address uncertain situations – price movement or sand traps.
Tag: knightian uncertainty
The thing is – all of this requires both a change in perspective and more importantly, putting the same effort into understanding your internal signals as you put into the ones the market is providing!
that some other human being is going to be willing to pay a different price than you pay at some moment in the future. Markets are no more and no less.
On
01.23.09 • In
Emotions & Decisions • by
DKS •
With apologies for being out of touch, I would like to make a couple of notes on psych cap. First, and I have said this before in different way, it really does appear that our brains have special “curcuits” for detecting imprecision or uncertainty. In other words, that feeling that someone or something is there [...]
On The Ubiquitous Missing Information in Markets: What Neuroeconomics Has to Say ‘Ambiguity’ is the Hallmark of Trading and Investing The situation of taking a position when the odds are uncertain because of missing information is referred to by economists as “ambiguous”. F Knight in his book Risk, Uncertainty, and Profit was the first to [...]