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Naver BlogEdit
Published: 2023-11-194 backlinks

Humans Inherently Seek Patterns

Just as a cat cannot help but chase something moving, humans enjoy finding patterns. When there is a button that delivers an electric shock with 70% probability and a button that delivers an electric shock with 30% probability, a rat, after learning, naturally chooses the button that delivers an electric shock with 30% probability. Humans, however, try to find patterns.

Humans believe that they can find patterns even in Gambling, and especially in lottery numbers. Likewise, they believe that patterns can be found in investment through past experience or charts. Charts are only a response from a short-term perspective, not a prediction from a long-term perspective.

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Topics: evolution theory
Category: Evergreen
Status: Ever/Branch


Backlinks4

We Must Understand Collective Trauma

EvergreenCreated: 23-04-06Updated: 26-08-24

Humans Are Animals Unfit for Investing

EvergreenCreated: 23-04-07Updated: 26-08-24

In investing, the most expensive phrase is 'this time is different'

EvergreenCreated: 23-11-21Updated: 26-08-24

Technical Analysis

Wiki/EconomyCreated: 22-10-29Updated: 26-08-24
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