Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

This is a discussion on Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task within the General Trading Chat forums, part of the Reception category; Saw a good programme on BBC4 this evening with obvious parallels to trading, The presenter did this test and scored ...

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Old Jan 14, 2011, 12:29am   #1
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Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

Saw a good programme on BBC4 this evening with obvious parallels to trading, The presenter did this test and scored well. A guy who'd unfortunately had a large brain tumour removed had recovered, but since the op could no longer feel much empathy, failed epically at it. The *it* being the Iowa Gambling Task which is a neuropsychological task developed in English, most widely used to assess decision-making.

Point was we can never remove the intuition from the decision making, or if we do it mightn't work as we'd hoped it would. On that basis is it fair to say that, no matter how 'mechanical' we may think we get, the emotion will always be a part of the decision making process?

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The Iowa gambling task is a psychological task thought to simulate real-life decision making. It was introduced by Antoine Bechara, António Damásio, Daniel Tranel and Steven Anderson,[1] then researchers at the University of Iowa. It has been brought to popular attention by António Damásio (proponent of the Somatic markers hypothesis) in his best-selling book Descartes' Error.[2]

The task was originally presented simply as the Gambling Task. Later, it has referred to as the Iowa Gambling Task and, less frequently, as Bechara's Gambling Task.[3] The Iowa Gambling Task is widely used in research of cognition and emotion: A recent review listed more than 100 papers that made use of this paradigm.[4]

http://en.wikipedia.org/wiki/Iowa_gambling_task
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Old Jan 14, 2011, 12:31am   #2
 
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

tldr
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Old Jan 14, 2011, 12:42am   #3
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

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tldr
What...again? Not much left in that sozzled cortex eh son?
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Old Jan 14, 2011, 12:44am   #4
 
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

tldr
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Old Jan 14, 2011, 1:01am   #5
 
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

We are human so we have to work with emotions.
Emotion is the grease in the cogs of the decision making process.
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Old Jan 14, 2011, 1:21am   #6
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

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What...again? Not much left in that sozzled cortex eh son?
Basically, it's ADHD, but a new acronym, for those who weren't paying attnetion.
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Old Jan 14, 2011, 1:22am   #7
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

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On that basis is it fair to say that, no matter how 'mechanical' we may think we get, the emotion will always be a part of the decision making process?
How can you get emotional over a coin toss?
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Old Jan 14, 2011, 6:54am   #8
 
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

if psychos can't trade, why do they say that women make better traders than men ?


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Old Jan 14, 2011, 7:46am   #9
 
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

I am emotionally unstable and I am trading well at the moment..................Taking stops and wins.................Lolololololololoololoo
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Old Jan 14, 2011, 7:46am   #10
 
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Re: Psychos can't trade; Clinical Evidence Of Intuition: The Iowa Gambling Task

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I am emotionally unstable and I am trading well at the moment..................Taking stops and wins.................Lolololololololoololoo
Oh, sorry,,,,,,,got carried away there.......
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