What's going on in a trader's head. Psychology of gambling

If you believe the data of electrocorticography, the main emotion of the subjects, gamblers with a computer - regretting past mistakes Most generalized statements about life (for example, "Life is a river") empty. Nevertheless, apart among them is Pushkin's "What is our life? Игра!" - at least, from the point of view of a psychologist. The fact, what's in the mind of a person, unknown bettor, very fundamental cognitive processes take place in the simplest model form: decision making under data scarcity, desire to receive an award, assessment of possible losses, regretting wrong decisions and adjusting future strategies. That is why a gambling trader is a desirable object for neuropsychologists, and on this model, they will try out a variety of methods for studying brain activity.

5 когнитивных ошибок, killing your profitability

Джордж Дворский (George Dvorsky) once wrote: “The human brain is capable of performing 10 ^ 16 processes per second, making it a much more powerful tool, than any computer currently in existence. But that doesn't mean, that our brain has no serious limitations. A humble calculator can do calculations a thousand times better, than we, and our memory is often not very useful - yet, мы подвержены когнитивным ошибкам (cognitive biases), these annoying glitches of our thinking, which force you to make dubious decisions and come to erroneous conclusions". Cognitive errors are the bane of portfolio managers, because they reduce our ability to remain emotionally disconnected from money. As history shows, when it comes to investing your own money, investors always do the "opposite", что должны делать. They "buy at the maximum", as greed prevails over logic, and "sell at the minimum", because fear disrupts the decision-making process.

Scroll to Top