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The Monkey Economy

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Laurie Santos on the Monkey Economy
"Monkey Market data was indistinguishable from Human Market Data"
i.e. we behave the same.
Finding - like humans, monkeys will take the sure thing on the upside and gamble on the downside.
This is an evolutionary bias, causing market participants to sell too early, and hang on too long to losers. Rather than tell oneself, "...I won't think that way", we need to recognize it, and implement tools and strategies to overcome this and other biases.
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Guest Saturday, 19 September 2020