Comments on: The Stone Age Brain VS The Stock Market http://veryevolved.com/2009/01/the-stone-age-brain-vs-the-stock-market/ The hidden biology behind everything you do Sat, 20 Mar 2010 14:11:05 +0000 hourly 1 http://wordpress.org/?v=3.0 By: gregorylent http://veryevolved.com/2009/01/the-stone-age-brain-vs-the-stock-market/comment-page-1/#comment-229 gregorylent Sat, 28 Feb 2009 07:22:27 +0000 http://veryevolved.com/?p=78#comment-229 great .. AND ... it is useful and necessary to distiguish between the brain and the mind .. all this stuff you talk about is mind, different in different cultures in some ways too, and the brain is the meat ... neuroscience goes for the meat, because they can see it, and hasn't really much of a clue about mind, and none about consciousness ... being more precise about these terms will help them .. sanskrit has several more than english, is more subtle and accurate thereby .. enjoyed it, thanks, gregory lent great .. AND … it is useful and necessary to distiguish between the brain and the mind .. all this stuff you talk about is mind, different in different cultures in some ways too, and the brain is the meat …

neuroscience goes for the meat, because they can see it, and hasn’t really much of a clue about mind, and none about consciousness …

being more precise about these terms will help them .. sanskrit has several more than english, is more subtle and accurate thereby ..

enjoyed it, thanks, gregory lent

]]> By: Nickd http://veryevolved.com/2009/01/the-stone-age-brain-vs-the-stock-market/comment-page-1/#comment-55 Nickd Sun, 18 Jan 2009 04:10:58 +0000 http://veryevolved.com/?p=78#comment-55 The lies our stone age brains tell us mostly involve seeing patterns where there are none (e.g. equating correlation with causation). In an eat-or-be-eaten world this made survival sense, because of the disproportionate cost(being eaten) of missing a possible pattern. But seeing patterns where there are none means that we will consistently underestimate the extent to which things are simply random. Which is why most human beings have great difficulty with probability - and stock markets. The lies our stone age brains tell us mostly involve seeing patterns where there are none (e.g. equating correlation with causation). In an eat-or-be-eaten world this made survival sense, because of the disproportionate cost(being eaten) of missing a possible pattern. But seeing patterns where there are none means that we will consistently underestimate the extent to which things are simply random.

Which is why most human beings have great difficulty with probability – and stock markets.

]]> By: the weakonomist http://veryevolved.com/2009/01/the-stone-age-brain-vs-the-stock-market/comment-page-1/#comment-52 the weakonomist Sat, 17 Jan 2009 13:27:10 +0000 http://veryevolved.com/?p=78#comment-52 Brilliant. I suppose I rely on stop-sells to protect myself from holding on too long to a stock. I learned a long time ago my mind isn't the best tool for success in investing. Whatever I can let the computer take care of is fine by me. I've never read anything that puts it together as well as you have. Brilliant.

I suppose I rely on stop-sells to protect myself from holding on too long to a stock. I learned a long time ago my mind isn’t the best tool for success in investing. Whatever I can let the computer take care of is fine by me.

I’ve never read anything that puts it together as well as you have.

]]> By: Patrick http://veryevolved.com/2009/01/the-stone-age-brain-vs-the-stock-market/comment-page-1/#comment-23 Patrick Tue, 13 Jan 2009 03:44:31 +0000 http://veryevolved.com/?p=78#comment-23 Welcome, and Glad you liked it. I agree with you about neuroeconomics just being a newish label. I have mixed feelings about the field too. The tools for studying economic systems and models are much more advanced than the best models of human behavior, so I feel the science behind it all is still in it's infancy. Patrick Welcome, and Glad you liked it.

I agree with you about neuroeconomics just being a newish label. I have mixed feelings about the field too. The tools for studying economic systems and models are much more advanced than the best models of human behavior, so I feel the science behind it all is still in it’s infancy.

Patrick

]]> By: The Personal Finance Playbook http://veryevolved.com/2009/01/the-stone-age-brain-vs-the-stock-market/comment-page-1/#comment-22 The Personal Finance Playbook Tue, 13 Jan 2009 01:58:41 +0000 http://veryevolved.com/?p=78#comment-22 Great blog Patrick. I think the brain is an interesting thing as well. My wife is actually a medical student who is interested in neurology and psychiatry. I had her read your article, too. Great work. I think neuroeconomics is a synonym I would call behavioral economics, anything focused on how independent actors make decisions, both rational and irrational. Anyway, interesting read. Good work. Great blog Patrick.

I think the brain is an interesting thing as well. My wife is actually a medical student who is interested in neurology and psychiatry. I had her read your article, too. Great work.

I think neuroeconomics is a synonym I would call behavioral economics, anything focused on how independent actors make decisions, both rational and irrational. Anyway, interesting read. Good work.

]]>