Brain science - 6 reasons science will not make you a better investor http://www.marketwatch.com/story/wall-streets-gambler-brain-lacks-moral-conscience-2013-05-15 " 1. Wall Street uses brain science to gain even more control of investors 2. Brain scientists keep investors predictably irrational for Wall Street 3. Brain scientists will never deliver on Kahnemanâs promise in 2002 4. Brain scientists mislead investors, only help the super-rich get richer 5. Brain scientists are partisan mercenaries with political biases 6. Brain-science books are useless self-help pop-psychology solutions "
Small traders ride the coattails of bigger ones. It matters nothing at all if the bigger traders know what they are doing or not.
looks to me like the writer must have lost a lot of money ( a lot always being relative). It would be really nice if every complaining writer put in disclaimer how much they have lost.
Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die [Kindle Edition] Eric Siegel (Author), Thomas H. Davenport (Foreword) " You have been predicted â by companies, governments, law-enforcement, hospitals and universities. Their computers say, "I knew you were going to do that!" These institutions are seizing upon the power to predict whether you're going to click, buy, lie, or die. Why? For good reason: Predicting human behavior combats financial risk, fortifies healthcare, reduces spam, toughens crime-fighting and boosts sales. How? Prediction is powered by the world's most potent, booming unnatural resource: data. Accumulated in large part as the by-product of routine tasks, data is the unsalted, flavorless residue deposited en masse as organizations churn away. Surprise! This heap of refuse is a gold mine. Big data embodies an extraordinary wealth of experience from which to learn. Predictive analytics is the science that unleashes the power of data. With this technology, the computer literally learns from data how to predict the future behavior of individuals. Perfect prediction is not possible, but even lousy predictions can be extremely valuable. In this rich, entertaining primer, former Columbia University professor and Predictive Analytics World co-founder Eric Siegel reveals the power and perils of prediction: What unique form of mortgage risk Chase Bank predicted before the recession. Predicting which people will drop out of school, cancel a subscription or get divorced before they are even aware of it themselves. Why early retirement decreases life expectancy and vegetarians miss fewer flights. Five reasons organizations predict death, including one health insurance company. The way U.S. Bank and European wireless carrier Telenor calculate how to most strongly influence each customer. How companies ascertain untold, private truths â how Target figures out you're pregnant and Hewlett-Packard deduces you're about to quit your job. How judges and parole boards rely on crime-predicting computers to decide who stays in prison and who goes free. What's predicted by the BBC, Citibank, ConEd, Facebook, Ford, Google, IBM, the IRS, Match.com, MTV, Netflix, Pandora, PayPal, Pfizer, and Wikipedia. A truly omnipresent science, predictive analytics affects everyone, every day. Although largely unseen, it drives millions of decisions, determining who to call, mail, investigate, incarcerate, set up on a date, or medicate. Predictive analytics transcends human perception. This book's final chapter answers the riddle: What often happens to you that cannot be witnessed, and that you can't even be sure has happened afterward â but that can be predicted in advance? Whether you are a consumer of it â or consumed by it â get a handle on the power of Predictive Analytics. "
OddTrader : very good article. This is why , we as humans, have to work on ourselves, so as to be able to make our own choices, not be driven by conditionning/programming. best to control one own mind hence behavior, than to let whoever do the mind control for you.
Very well said! And ... Your individual behaviour as stated above has been already predicted analytically! http://en.wikipedia.org/wiki/Game_theory http://en.wikipedia.org/wiki/Bayesian_game "In game theory, a Bayesian game is one in which information about characteristics of the other players (i.e. payoffs) is incomplete."
The sheep have been manipulated since day one.To resist you have to recognize the manipulation.In a capitalistic it begins with advertising. You know the rest.