Tag: decision

How you really make (trading) decision

If you haven’t seen this episode of Horizon it is worth a watch: –

It is titled, ‘How you really make decisions’

https://www.bbc.co.uk/iplayer/episode/b03wyr3c/Horizon_20132014_How_You_Really_Make_Decisions/

I’ve used some of the examples in this episode in my courses from time to time.

I became interested in sub-optimal behaviour when I started working out how to win the football pools. I figured that while there was an inbuilt edge against me in he market, most people wouldn’t use optimal behaviour to place their bets …