Foods for thougths

The first food is about psychology, judgement and probability:
read the paragraph "Probability and Judgement":

"Psychologists, building upon the pioneering work of Amos Tversky and Daniel Kahneman, have shown that all human beings approach experience with expectations and stereotypes that exert a strong and oftentimes distorting grip over judgement".

http://science.ntu.ac.uk/rsscse/TS/gtb/tomlinson.pdf
 
The most frequent stereotypes in trading is war :
http://www.strategies-tactics.com/suntzuphrases.htm

some regrets it:
http://www.ruthroosevelt.com/article_metaphor.html

and of course casino games but in some games like poker it is like the war stererotypes.



Quote from harrytrader:

The first food is about psychology, judgement and probability:
read the paragraph "Probability and Judgement":

"Psychologists, building upon the pioneering work of Amos Tversky and Daniel Kahneman, have shown that all human beings approach experience with expectations and stereotypes that exert a strong and oftentimes distorting grip over judgement".

http://science.ntu.ac.uk/rsscse/TS/gtb/tomlinson.pdf
 
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