On 9 January, George Dvorsky published an interesting blog piece on twelve cognitive biases that inhibit rational decision making:
Confirmation bias
Ingroup bias
Gambler’s Fallacy
Post-Purchase Rationalization
Neglecting Probability
Observational Selection Bias
Status-Quo Bias
Negativity Bias
Bandwagon Effect
Projection Bias
Current Moment Bias
Anchoring Effect
Barry Ritholtz noted here that Wall Street veteran and Minyanville founder Todd Harrison addressed those 12 biases through the lens of a trader in this post. Todd’s take is worth the read if you are serious about trading.
Curt Wehrley
Twitter: @fxcoachcurt
FX Strategist
Licenses: Series 3, 34
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