The Cognitive Bias Codex | Forex Factory

  • The Cognitive Bias Codex

    From newtraderu.com

    A cognitive bias is a mental pattern that breaks from logic, reason, and the ability to rationally judge something through the filter of facts and reality. It is when an individual’s thinking is so clouded by their own subjective reality, memories, and experience that they are unable to interpret new information correctly. A cognitive bias can cause someone to ignore reality in favor of their own preconceived belief system and internal reality. A cognitive bias can take the form of emotional irrationality, inaccurate judgements, and deciding to ignore new facts and information that doesn’t align with a chosen ... (full story)

Comment Options
aquavox
May 9, 2020 8:00pm
Permalink
This article is one of the most intelligent i have seen on this forum for a long while, the brain decision tree alone is really worth studying if you want to understand how well you are trading.
Most of our linguistics ( and indeed our Heuristic learning ) is based on rule based systems derived from the past. What if you learned to adapt and change the "rules" to navigate through black swan periods of chaos and never before encountered situations?
Study : "Associative Chaining" - forward looking admission of rule changes (adaptation) not previously encoded, if you go deeply down this rabbit hole it does come close to true AI.
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats