Posts Tagged ‘neuroeconomics’

The Neuroeconomics Revolution

Fascinating article by Psy-Fi’s Tim.  (My yellow highlighting.) – Ilene

The Neuroeconomics Revolution

Courtesy of Tim at The Psy-Fi Blog

Blond Bride and a Half-dressed Punk Groom Getting Married in a Church

Marriage Made in Heaven – or Hell?

A recent development in economics sees the combining of neurology, psychology and economics in an attempt to reduce economic behaviour to brain function and to predict market behaviour from observable brain patterns. Its aim is to glue together a subject that can’t predict human behaviour from analysis of the brain with a subject that can’t predict human behaviour from analysis of people to a subject that can’t predict human behaviour from analysis of economic data.

Welcome to the Neuroeconomics Revolution.

The Busted Flushes of Psychology and Economics

Psychology spent a large part of the last century stuck in a behaviourist dead-end, carrying out endless experiments on animals in an attempt to explain all human behaviour in terms of externally observable responses to equally observable stimuli: think ringing bells causing salivating dogs or rising markets causing manic investors. The net result of this was that the subject ended up befuddled by mice running the wrong way around mazes and found itself generally regarded as the extreme paramilitary wing of the pigeon fanciers association.

Meanwhile economics, the study of how human financial systems operate, also proceeded on the basis that how humans actually behave was irrelevant and arrived at a set of explanations that defied both logic and the evidence of real markets. Yet even as economics has reluctantly faced up to the need to involve psychology in its models so psychology is beginning to recognise that understanding people requires a more detailed look at the way the brain actually works. Taken together we’re witnessing the creation of a new subject.

Neuroeconomics

Neuroeconomics is nothing more or less than the attempt to relate the now observable functioning of the brain, as provided by neuroscientific techniques, with the various models of economics. Advances in brain scanning techniques permit researchers to subject innocent participants to endless pointless questions while inspecting how their brains grapple with the problems. There is no escape.

As you might imagine, the marketeers of the world have leapt on this idea. Martin Lindstrom relates in Buyology how the inspection of people’s brains reveals what more…
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Phil's Favorites

Senators Have a Choice: Convict Trump or Crown Him

 

Senators Have a Choice: Convict Trump or Crown Him

Courtesy of David Cay Johnston, DCReport Editor-in-Chief

Letting the President Get Away with Contempt of Congress Will Make the Legislative Branch as Irrelevant as the Roman Senate

The two articles of impeachment, which have drawn criticism as either too much or too little, strike me as cleverly drafted to put Senate Republicans in a most uncomfortable box.

The second article, obstruction of Congress, should be the tougher one for Senate Republicans. It flows from Donald Trump’s stonewalling the impeachment inquiry – no testimony, no documents.

On top of thi...



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Zero Hedge

Anti-Impeachment Democrat Jeff Van Drew Defects To GOP

Courtesy of ZeroHedge View original post here.

Anti-impeachment Democratic Rep. Jeff Van Drew of New York has confirmed that he will switch parties and become a Republican, following a lengthy meeting with President Trump, according to Politico.

Van Drew is one of two Democrats who voted 'no' on opening the impeachment inquiry in the first place, and has been a vocal opponent of the effort, according to the repor...



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Chart School

Funds are getting ready to move out of USA

Courtesy of Read the Ticker

Just before the hang over in the US equity markets, money will move and take their well earned gains else where. Here is why.

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Charts in video.

US is in the late cycle boom.

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US stock market with the US dollar, they have risen together from 2012. A change of this will force money to move.


Cli...



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Kimble Charting Solutions

Euro Breakout In Play? Gold Bulls Sure Hope So!

Courtesy of Chris Kimble

The Euro has spent much of the past 2 years trading in a down-trend.

Though precious metals like Gold have fared well, this has been a bit of a headwind because it means that the US Dollar has remained firm.

Big Test In Play for the Euro

The Euro is testing a confluence of important support just as the downtrend is narrowing and ready for a “break”. That support includes lower falling wedge support and the Euro’s long term up-trend support line (see points 1 and 2).

If the Euro can succeed in breaking out at (3), it would be bullis...



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Insider Scoop

8 Healthcare Stocks Moving In Friday's Pre-Market Session

Courtesy of Benzinga

Gainers
  • Sarepta Therapeutics, Inc. (NASDAQ: SRPT) stock surged 36.4% to $137.00 during Friday's pre-market session. The market value of their outstanding shares is at $6.1 billion. The most recent rating by Janney Capital, on December 13, is at Buy, with a price target of $175.00.
  • GlaxoSmithKline, Inc. (NYSE: GSK) shares surged 1.1% to $46.44. The market value of their outstanding shares is at $112.9 billion. According to the most recent rating by UBS, on November 21, the current rating is at Buy.
  • AstraZeneca, Inc. (NYSE: ...


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Digital Currencies

Three Men Arrested In NJ For Running Alleged $722 Million Crypto Ponzi Scheme

Courtesy of ZeroHedge View original post here.

Authored by Kollen Post via CoinTelegraph.com,

United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement from the Dep...



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Members' Corner

Tobin Smith: Foxocracy, the 2020 Election, and the Stock Market

 

For decades, Fox News has been spreading false information and hooking its audience into an angry, xenophobic and paranoid worldview. It's no mystery that Fox was instrumental in the 2016 election -- but how did it do it? How did it gain so much influence? Tobin Smith, CEO of Transformity Research, Inc. and former Fox News contributor and talk show host, explores this phenomenon and discusses Fox News’ emotionally predatory and partisan propaganda media strategies and tactics in his new book, ...



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Lee's Free Thinking

Chart Shows the Fed Ramping Up Not QE - Funding Almost All Treasury Issuance

 

Chart Shows the Fed Ramping Up Not QE – Funding Almost All Treasury Issuance

Courtesy of Lee Adler, Wall Street Examiner 

The Fed is ramping up “Not QE” .

The Fed bought $2.2 billion in notes today in its POMO, “not QE,” operations. Actually $2.15 billion because they sold back a whole $50 million. Must have been a little glitch in the force.

This brings the Fed’s total outright purchases of Treasuries to $170 billion since it started Not QE, on September 17.

It also did $107 billion in gross new repo loans to Primary Dealers to buy Tre...



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The Technical Traders

VIX Warns Of Imminent Market Correction

Courtesy of Technical Traders

The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

Vix Value Drops Before Monthly Expiration

When the VIX falls to levels below 12~13, this typically v...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

Reminder: We are available to chat with Members, comments are found below each post.

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Promotions

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