This year, behavioral economist Richard Thaler won the Nobel Prize. His work in describing how we think about money is monumental and has significant implications for currency traders who are looking for a psychological edge to beat the market. In the first of this two part series on FXStreet, we consider the approach of Daniel Kahneman an Israeli-American psychologist, who won the award in 2002 for his paradigm-shifting work on human judgment and decision-making under uncertainty.
Nobel Winners explain Behavioral Economics in Financial Trading – Part 1
About the Author: Adinah Brown
Adinah Brown is a professional writer who has worked in a wide range of industry settings, including corporate industry, government and non-government organizations. Within many of these positions, Adinah has provided skilled marketing and advertising services and is currently the Content Manager at Leverate.