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Does anyone know how to get a hold of this Journal of Psychology and
Financial Markets?
Years ago I use to follow the academic finance journals (Journal of
Finance, etc. etc.) But they got so ridiculous with all of that efficient
markets blather that I took them all out back and shot them.
I wonder if this psychology stuff might at least be trying to come from the
right planet. Not expecting much mind you, I mean if they could trade, why
write articles? Still I have to have something to read??
Also, I've heard of a Behavioral Finance journal. Anyone know how to get
any of them?
Why would anyone think that behavioral psychology as it relates to market
behavior is noise? Who could possibly believe that market player behavior
has anything to do with a math equation?
We may try to model it that way, but let's not loose sight of the forest
for the trees. The greatest majority are emotionally motivated/driven. At
least that portion that even bothers to think at all about what they are
doing with their capital. IMO.
Thanks in advance for any leads,
Ray Hodge
>A lot of what I'm going to copy came from, Forbes Magazine, May 15, 2000
>issue.
>
>Page 180
>" The Journal of Psychology and Financial Markets, the first academic
>journal devoted to investor psychology, warns in its March debut issue:
>" People do not behave as gas molecules," namely as independent actors
>making individually random movements that are collectively predictable.
>No, investors act more like herds of agitated animals."
>
>Another concern is how will investors act, the ones that didn't
>experience the 1973-1974 crash??
>
>This part of the article I disagree with:
>
>They buy on dips. That explains the quick recovery from the August 1998
>spill. ---I disagree with this, for that, the Fed. Lowered interest
>rates which created the big boom and to try and save the President of
>the US during the impeachment process. IMO.
>
>" But what if stocks fell 50% and sat there for three years?"
>
>TradeWell,
>Joe Frabosilio
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