The Trolley Problem

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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eightbo
Posts: 2154
Joined: Sun May 17, 2015 8:19 pm
Location: Malta / Australia

Fascinating psychological experiment which touches on a few things, including amygdala hijack.

You're sure to enjoy this.

https://www.youtube.com/watch?v=1sl5KJ69qiA
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ruthlessimon
Posts: 2094
Joined: Wed Mar 23, 2016 3:54 pm

Ty for sharing that 8 - really good watch!

Although that is a life & death situation - a little bit different to freezing at a seller @ Wolves - when there's a 10 tick spike against you ;)

I'm of the belief, when something like that occurs (i.e. unexpected decision required) - in a trading context - the original plan must be adhered to (i.e. long-term, it's good to freeze, & we exit when we planned to - because our plan is good). We can then go back (if so inclined), & analyse this "10 tick spike" etc, long-term, to see if our overall plan can be improved.
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