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Publication Name: The Psy-Fi Blog

Brief description: A Sideways Look at Psychology and Finance.

Publication URL: http://www.psyfitec.com/

RSS Feed: link

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Joined: November 15th, 2011

Activity

The Psy-Fi Blog wrote a new blog post titled Putting Pro-Innovation Bias on the Blockchain

Blockchain Bias Over the past couple of years I've spent a lot of time listening to people wittering on about "the blockchain". They've claimed it can solve a plethora of society's ills - everything from the elimination of poverty to the overthrow of fiat currencies and the nation state. Being charitable this is evidence of pro-innovation bias in all its perverse glory. Being cynical it's evidence of people trying to scam investment funds by capitalizing on the halo effect. The blockchain is a brilliant piece of innovation, which will one day - probably - lead to significant economic...
(32 days ago)

The Psy-Fi Blog wrote a new blog post titled A Catalog of Investing Errors

Love Lists We're attracted to lists like moths to flames and netheads to clickbait. The Big List of Behavioral Biases is by some way the most popular page on this website, but it actually provides very little insight into investing successfully. Behind this, though, lies a deeper truth. Lists are processed more easily by the brain, and they're perfectly optimized for the click and go environment that is the Internet. Here I explain why. In a list. Obviously. 1. The Paradox of Choice Too much information overwhelms us, we're unable to process it and have to take unsatisfactory shortcuts. The...
(39 days ago)

The Psy-Fi Blog wrote a new blog post titled Unbanked But Not Unwise

Tribal Finance Lisa Servon has written a clever, accessible and pin-point clear piece of ethnographic research. It looks at how an underserved and underappreciated tribe, without access to regular financial services, has developed ways and means of coping in their absence. It's also a damning indictment of the organizations that claim to offer them these services. The tribe, of course, is middle class America, and the organizations are the banks that fail to serve them. Many Prices Over here in the UK we've seen a surge in the use of non-traditional, short-term financial lenders - payday...
(46 days ago)

About:

Tim Richards is a UK based technologist (career) and psychologist (academic) with a long-term interest in financial markets.  The aim of the Psy-Fi Blog is to present the world of finance through the lens of psychology, replacing personal opinion with academic research and worthless assertion with logical argument.  All while never losing a chance to raise a laugh at the madness of the markets.