Daniel Kahneman - Thinking fast and slow documentary

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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ShaunWhite
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Interested in your consiousness? Prices start at $2800 and when I have my James Bond villain house, I'll definately be having some of their 96"x130" works.

Self Reflected
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Euler
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Daniel Kahneman on Cutting Through the Noise: -

https://overcast.fm/+PbpIQwDV4/2:18
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Euler
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Another interesting interview to listen in the background

https://overcast.fm/+Ic2iyEQUY
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Euler
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Temper your intuition

https://overcast.fm/+Ei1BlabaY
stueytrader
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He's a good applied psychologist - and thanks for posting these sources.
stueytrader
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I find the tricky question is turning more general areas of our thinking and reasoning into trading specific ideas. But, I'm working on it. ;)
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Euler
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stueytrader wrote:
Tue Oct 22, 2019 2:31 pm
I find the tricky question is turning more general areas of our thinking and reasoning into trading specific ideas. But, I'm working on it. ;)
It's worth the effort. I've carefully digested every word of his and read all the papers and slowly but surely it leads you in a completely new direction. But a lot of things don't make sense. You will need to get used to the feeling, or of people, saying you are wrong and that you should use your common sense.

You have to learn to detach yourself from 'normal' thought processes. That takes time.
stueytrader
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Euler wrote:
Tue Oct 22, 2019 6:04 pm
stueytrader wrote:
Tue Oct 22, 2019 2:31 pm
I find the tricky question is turning more general areas of our thinking and reasoning into trading specific ideas. But, I'm working on it. ;)
It's worth the effort. I've carefully digested every word of his and read all the papers and slowly but surely it leads you in a completely new direction. But a lot of things don't make sense. You will need to get used to the feeling, or of people, saying you are wrong and that you should use your common sense.

You have to learn to detach yourself from 'normal' thought processes. That takes time.
Yes, I suppose so in both senses. I have tried to apply some aspects directly to my trading, but not got as far as I probably should have done. More study of these areas and papers needed. And the idea of switching away from 'normal' thinking is definitely something I think true of trading in particular.
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Euler
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Lengthy and related to AI, but another interview to gain some wisdom from. It's interesting to hear his comments on deep learning.

https://www.youtube.com/watch?v=UwwBG-MbniY
trader44
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Just bought that book cheers for the heads up :D
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Euler
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Not sure how that can be! It was an interview and posted by the interviewer!
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Euler
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smallplayer
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Euler wrote:
Thu Jan 16, 2020 8:44 pm
Here you go: -

https://www.youtube.com/watch?v=UwwBG-MbniY
thx peter..i deleted my post when i checked back on original date thread started
ps i bought the book also on your advice..real heavy going, thin pages, lots of them and no pictures like chimp paradox :D
jamesg46
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smallplayer wrote:
Thu Jan 16, 2020 8:53 pm
Euler wrote:
Thu Jan 16, 2020 8:44 pm
Here you go: -

https://www.youtube.com/watch?v=UwwBG-MbniY
thx peter..i deleted my post when i checked back on original date thread started
ps i bought the book also on your advice..real heavy going, thin pages, lots of them and no pictures like chimp paradox :D
Every time I listen or read anything from Daniel it seems to send me off on a trail of thought & I never really know how it all began by time the trail ends. I'm on my 3rd round of the book, this time one segment at a time... I think it will take years to fully understand some of Daniel's work, the rest may just be well over my head, but it's worth while to take the time 😁
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Kai
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jamesg46 wrote:
Fri Jan 17, 2020 7:56 am
smallplayer wrote:
Thu Jan 16, 2020 8:53 pm
Euler wrote:
Thu Jan 16, 2020 8:44 pm
Here you go: -

https://www.youtube.com/watch?v=UwwBG-MbniY
thx peter..i deleted my post when i checked back on original date thread started
ps i bought the book also on your advice..real heavy going, thin pages, lots of them and no pictures like chimp paradox :D
Every time I listen or read anything from Daniel it seems to send me off on a trail of thought & I never really know how it all began by time the trail ends. I'm on my 3rd round of the book, this time one segment at a time... I think it will take years to fully understand some of Daniel's work, the rest may just be well over my head, but it's worth while to take the time 😁
Not worried that all this reading will spoil all the fun? :D

Maybe there's a bit of a case for discovering things for yourself at first and forming your own opinions, which you can always then later compare to what the books say if you want or need.
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