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Trading psychology article FX Trader Magazine

Trading psychology article FX Trader Magazine | Economie | Scoop.it
Manual or algorithmic trading strategy? A common dilemma for FX traders.

A common dilemma for FX traders is whether to adopt a manual or algorithmic trading strategy that produces profitable outcomes over the long-term. But this question requires an individual to really understand their own capabilities when it comes to making decisions in high-pressure trades; and to recognize how technology can help overcome limiting psychological habits. All FX traders are susceptible to human tendencies that can affect judgment. But those who have the ability to monitor the patterns of their own mindset stand a far greater chance of developing a strategy that is consistently profitable.

 


Via Alessandro Cerboni
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Could Neuroeconomics Help Prevent Market Crashes?

Could Neuroeconomics Help Prevent Market Crashes? | Economie | Scoop.it
Research by economist Colin Camerer

What is going on in people's brains when they are buying and selling assets during a bubble and a crash? Award-winning behavioral economist Colin Camerer discusses his pioneering research during the Subjective Probability, Utility and Decision-Making Conference held at IESE Barcelona in August 2013.

 

 


Via Alessandro Cerboni
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How Do You Solve a Problem like Uncertainty?

How Do You Solve a Problem like Uncertainty? | Economie | Scoop.it
Philosopher Rupert Read and Nassim Nicholas Taleb ask how to solve the problem of uncertainty. 

Author of TheBlack Swan Nassim Nicholas Taleb presents the case for a new paradigm of risk management with a response from philosopher Rupert Read."Changed my view of how the world works" Nobel Laureate Daniel Kahneman


Via Alessandro Cerboni
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Aristotelian and non-Aristotelian economies | Pour une économie ...

Aristotelian and non-Aristotelian economies | Pour une économie ... | Economie | Scoop.it
Isabelle Aubert-Baudron (Revised : June 2013) In French: Economie A / économie non-A Aristotelian economy Non-Aristotelian economy Assumptions: - Belief in the value of money as something real, and economic rules ...
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Parents, Kids Don’t Share Economic Values - Real Time Economics - WSJ

Parents, Kids Don’t Share Economic Values - Real Time Economics - WSJ | Economie | Scoop.it

The researchers found, in an experiment involving financial contributions to a group fund, that there was no statistical correlation between the actions of a child and a parent.

“An unchallenged assumption in the economic literature on values and economic outcomes is the idea that the family has an important role in transmitting these values across generations,” the researchers wrote today on the New York Fed’s Liberty Street Economics blog. “Our results provide an important piece of evidence to the contrary, which calls for further work on the issue.”

The researchers said they tested a group of students and parents from a public school in Washington, D.C., in a “public goods game.” People were put in groups, and each received money. They could keep the cash, or contribute it into a communal pot. Contributions to the pot were doubled and paid out to all members of the group, regardless of whether they contributed money.


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The Rise of Alternative Currencies

The Rise of Alternative Currencies | Economie | Scoop.it
From Zurich to Caracas, folks are thinking that financially there's got to be a better way. And there just might be.

Via jean lievens
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Building Creative Commons: The Five Pillars Of Open Source Finance

Building Creative Commons: The Five Pillars Of Open Source Finance | Economie | Scoop.it

This is an article about Open Source Finance. It’s an idea I first sketched out at atalk I gave at the Open Data Institute in London. By ‘Open Source Finance’, I don’t just mean open source software programmes. Rather, I’m referring to something much deeper and broader. It’s a way of framing an overall change we might want to see in the financial system. To illustrate this, I set up an analogy between computer systems and economic systems, and I then explore what financial ‘code’ might be. I then sketch out the five pillars that could underpin an open finance movement. 


Via jean lievens
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