People tend to see what they want to see while ignore what they don't want to see. In behavioral finance, it is called "confirmation bias."
Face objective facts ("inconvenient truth") while ignore subjective opinions (noises, distorted thinking by personal desires).
The Financial Journal is a blog for all financial industry professionals. This blog has been, and always will be, interactive, intellectually stimulating, and open platform for all readers.
AdSense
Sunday, November 30, 2014
Subscribe to:
Posts (Atom)
Deep Learning (Regression, Multiple Features/Explanatory Variables, Supervised Learning): Impelementation and Showing Biases and Weights
Deep Learning (Regression, Multiple Features/Explanatory Variables, Supervised Learning): Impelementation and Showing Biases and Weights ...
-
Black-Litterman Portfolio Optimization with Python This is a very basic introduction of the Black-Litterman portfolio optimization with t...
-
Momentum (trend-following) strategy Time-series (directional, asset-by-asset) Going long a market with recent positive returns Go...
-
How to win friends & influence people: Part 1 (Influence people and let them move.) Principle 1: Don't criticize, condemn, or ...