Are You Making the Same Predictable Mistakes as a Monkey Would in Your Trading. This Will Make You Think About Risk In a Different Way.
Posted On 25 Jun 2014
Tag: Common Misktakes, Reward, Risk
Why do we make irrational decisions so predictably?
In this Ted.com talk Laurie Santos looks for the roots of human irrationality by watching the way our primate relatives make decisions. A clever series of experiments in “monkeynomics” shows that some of the silly choices we make, monkeys make too.
This talk provides great insights into one of the biggest mistakes traders make and the traders mentality when they hold onto losers and cut their winners short.
How does this topic relate to your trading results and some of the decisions you make? Let us know in the comments below. If you enjoyed this post please like and share.