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Publication Name: The Psy-Fi Blog

Brief description: A Sideways Look at Psychology and Finance.

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Joined: November 15th, 2011


The Psy-Fi Blog wrote a new blog post titled Bias In Action

Myopic Urges The recent sharp correction in markets has clearly surprised a lot of investors. No doubt this is partly due to the standard myopia people seem to exhibit as soon as the last crash is out of sight, but it also seems to be connected to the fact that the seemingly inexorable rise in share prices and the continuing low interest rates on deposits has tempted new people into stocks. Faced, for the first time, with nasty losses they’re casting about for some kind of strategy to deal with the situation. In truth if you need to find a strategy after markets have started falling it’s too...
(10 days ago)

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...
(304 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...
(311 days ago)


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.