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A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
book

A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

by Michael C. Thomsett
July 2015
Intermediate to advanced content levelIntermediate to advanced
352 pages
9h 40m
English
Pearson
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

Game Theory Applied to Trend Analysis

An element of statistics is associated closely with game theory, a science involving the mathematical and statistical decision-making process. It is “the study of mathematical models of conflict and cooperation between intelligent rational decision-makers.”7 The underlying assumption of game theory is that decisions are made in an intelligent and rational manner. Part of the culture of the market is based on the often irrational behavior of market participants at large versus the minority of contrarian investors.

Contrarians act as they do not just to go against the majority, but because their decisions are based on analysis and rational conclusions versus the impulsive and emotional approach used (unconsciously ...

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Publisher Resources

ISBN: 9780134190662Purchase book