“There have been great societies that did not use the wheel, but there have been no societies that did not tell stories.” —Ursula K. LeGuin To listen to some scholars of decision-making, it is a great wonder that humans have survived as long as they have. We are constantly prone to biases, rely on simplistic […]Read More Different Minds: why we need human capabilities and machine intelligence*
Here is a link to my interview with Michael Considine of Share Radio. Where I talk about my research on emotions and investment and the work of the True Potential Centre for the Public Understanding of Finance.Read More Interview on Share Radio
Hermit crabs rely on acquiring discarded shells for their protection and are constantly on the look-out for better shells. However, faced with environmental stress they prefer to stick with their old shell, however unsuitable, than risk moving to a new one[i]. Experiments with rats show that under stress habitual behaviour persists longer in the face […]Read More On fund-managers, rats and hermit crabs: reversion to familiar habits under stress
I gave this talk at the launch of Essentia Analytics, an innovative firm developing software to help fund managers track and improve their susceptibility to behavioural biases.Read More Emotions and the financial behaviour of professionals.
Mark Fenton-O’Creevy and David Jones of IG Index discuss emotions and trading at the London Stock ExchangeRead More Emotions and financial trading