Traders who described more intense reactions to both losing and making money performed significantly worse than others. … These patterns tell us something about the stuff good traders are made of: more controlled emotional responses, including the ability to refrain from blaming (or lauding) oneself too much for trading outcomes.
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If you take losses and gains to heart too much, attributing your daily profits and losses to your own devices rather than good or bad luck, you quickly burn out and become incapable of making sound financial decisions. (查看原文)
Individuals didn't optimize -- they satisficed, making decisions that weren't always optimal, but were good enough. So called "bounded rationality" (查看原文)
作者: Andrew W. Lo 副标题: Financial Evolution at the Speed of Thought isbn: 0691135142 书名: Adaptive Markets 页数: 504 定价: USD 37.50 出版社: Princeton University Press 出版年: 2017-5-2 装帧: Hardcover
