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The EU Emissions Trading Scheme

The Psychology of Successful Trading Behavioural Strategies for Profitability

The Psychology of Successful Trading Behavioural Strategies for Profitability

This book is the first to demonstrate the practical implications of an important yet under-considered area of psychology in helping traders and investors understand the biases and attribution errors that drive unpredictable behaviour on the trading floor. Readers will improve their chances of trading successfully by learning where cognitive biases lead to errors in stock analysis and how these biases can be used to predict behavior in market participants. Focusing on the three major types of bias—Belief-Formation Quasi-Economic and Social—the book provides a rigorous discussion of the literature before explaining how each of these biases plays out in financial markets. The author brings together the fields of philosophical psychology and behavioral finance to introduce theory of mind providing readers with tools to predict biases in others as well as using these predictions to form optimal trading strategies for themselves. Readers will also learn to understand their own behaviors counteracting biases such as overconfidence and conformity—and the curse of their own knowledge—to strengthen trade performance. Pairing his skill and experience with an extensive research bibliography Short positions the foundational sources of cognitive biases alongside concrete examples experimental designs and trader’s anecdotes helping readers to apply theoretical guidelines to real-life scenarios. Shrewd professionals and MBA students will benefit from The Psychology of Successful Trading’s intuitive structure and practical focus. | The Psychology of Successful Trading Behavioural Strategies for Profitability

GBP 48.99
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Early Modern Trading Networks in Europe Cooperation and the case of Simon Ruiz

Early Modern Trading Networks in Europe Cooperation and the case of Simon Ruiz

In the early modern period trade became a truly global phenomenon. The logistics financial and organizational complexity associated with it increased in order to connect distant geographies and merchants from different backgrounds. How did these merchants prevent their partners from dishonesty in a time where formal institutions and legislation did not traverse these different worlds? This book studies the mechanisms and criteria of cooperation in early modern trading networks. It uses an interdisciplinary approach through the case study of a Castilian long-distance merchant of the sixteenth century Simon Ruiz who traded within the limits of the Portuguese and Spanish overseas empires. Early Modern Trading Networks in Europe discusses the importance of reciprocity mechanisms trust and reputation in the context of early modern business relations using network analysis methodology combining quantitative data with qualitative information. It considers how cooperation and prevention could simultaneously create a business relationship and describes the mechanisms of control policing and punishment used to avoid opportunism and deception among a group of business partners. Using bills of exchange and correspondence from Simon Ruiz’s private archive it charts the evolution of this business network through time debating which criteria should be included or excluded from business networks as well as the emergence of standards. This book intends to put forward a new approach to early modern trade which focusses on individuals interacting in self-organized structures rather than on States or Empires. It shows how indirect reciprocity was much more frequent than direct reciprocity among early modern merchants and how informal norms like ostracism and signalling helped to prevent defection and deception in an effective way. This book will be of interest to all early modern historians especially those with an interest in economic history and the history of international trade. | Early Modern Trading Networks in Europe Cooperation and the case of Simon Ruiz

GBP 38.99
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