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Psychology Help ASAP Please!Fill in the blank?

  • Posted on April 8, 2011 at 5:21 am

1. The longest part of a neuron is most likely to be the
2. The body’s natural production of endorphins is likely to be _______ by heroin use and ______ by acupuncture.
3. The two major divisions of the nervous system are the central and the __________ nervous system.
4. The central nervous system consists of
5. As one of the three types of neurons________ send information inward from the body tissues.
8.The vast majority of cells in the body’s information processing system are
7. When Mr. Smith thought his 1-year-old daughter had fallen down the stairs, his heartbeat accelerated, his blood pressure rose, and he began to perspire heavily. Mr. Smith´s stastate of arousal was activated by the ________ nervous system.
8. After discovering that his daughter was fine, Mr. Smith´s blood pressure decreased and his heartbeat slowed. These physical reactions were most directly rreactions were most directly regulated by his _________ nervous system.
9.The left cerebral hemisphere typically specializes in

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A Trading Psychology Lesson From a Nine Year Old

  • Posted on January 10, 2010 at 10:08 am

I was driving in my car the other night with my twin daughters when the conversation somehow turned to what they wanted to do when they grow up.

Naturally, being only nine years old, they had many ideas. There were those that I was very happy with – an astronomer, a veterinarian, a professional soccer player, or a guitarist in a rock band. And there were some suggestions that I just didn’t like at all. Not that it’s my decision! I’ll naturally support them in whichever path they chose for their life; however let’s just say a nine year old should not know what a Forensic Scientist does.

I asked if either were interested in trading, to which Caitlin replied, “But isn’t trading just guessing?”

That was unexpected! I was a little taken aback and frankly quite annoyed that she thought that all I did was ‘guessing’. I replied by explaining that there was a lot more to trading than just guessing which way the market went. But the conversation quickly moved on to other areas, as appears normal when speaking with nine year olds.

That night I put a little more thought to our discussion, not so much out of concern about my daughter’s perception of my career, but rather my emotional reaction to her statement. Why should I allow myself to feel a little insulted by claims that all I do is ‘guess’ market direction?

What do I actually do in the markets?

I assume risk in the markets, with an expectation of profits. But surely it’s not just guessing, or gambling, or taking a punt. I take positions on my terms only. It’s a calculated business decision. Through skillful analysis of past and current price action and an assessment of likely future price action I am able to identify opportunities to profit from market trends. And I combine this with action designed to reduce or eliminate any risk while seeking to maximize that profit. This is no different to any other business.

I’ve been lucky enough to be involved in a number of other ‘cool’ careers, but nothing has satisfied that need within my soul for a meaningful existence like being a trader does.

And I certainly believe that the career of a trader does provide significant benefits for society (a subject for another future article perhaps).

But when you really get down to the nuts and bolts, is what I do any different from guessing?

The definition of guessing according to the American Heritage Dictionary is:

a)To predict (a result or an event) without sufficient information.

b)To assume, presume, or assert (a fact) without sufficient information.

The common point here is ‘without sufficient information’, a phrase which certainly applies to the world of market analysis.

A novice trader expects that certainty can be found through better analysis or better indicators or indicator parameters. And so they get stuck for several years on this search for the Holy Grail solution. It’s only when all attempts at this have failed and they’re willing to accept it as a misguided attempt to hide from their fear of uncertainty, and are willing to embrace that uncertainty, can they take the next step on the path towards professional trading.

The fact is that market analysis cannot predict the future. All future events cannot be known. And even if they could be known, then we still don’t know how these events will be perceived by the market participants and will therefore influence price.

A trader operates in an uncertain world. And all trading decisions are made without sufficient information, based on an assessment of the probabilities and a minimization of risk to protect your capital when you get it wrong.

Essentially, my daughter was correct – I ‘guess’ market direction.

The difference is that some traders guess market direction without any real plan or guidelines for formulating that decision, with an inadequate appreciation of both risk and opportunity and with an undisciplined, unprofessional and emotionally influenced execution of their trade. And their losses feed the account of those who guess market direction based on a documented, tested and proven plan which is designed to contain risk when they’re wrong and maximize opportunity when they’re right, combined with consistency in execution of their plan.

I guess market direction, but I do so within a framework provided by my business plan and an understanding of the probabilistic nature of the markets.

I had assumed I was at a stage where I was comfortable with who I was and what I did. It appears now that this assumption was false and I have more work to do on myself. It makes sense – personal growth shouldn’t be expected to ever end.

Why was my ego bruised at claims that I’m just a ‘guesser’? There are many possible reasons that I need to address in more detail:

• At a deep level I really want my daughters to be proud of me. Perhaps for a moment I suspected they weren’t?

• Maybe my own self-importance was inflating at too rapid a rate (finally reaching an overhead resistance for a great shorting opportunity)

• Maybe at some level I still have concerns that being a trader is a Way of life that adds limited value to society?

• Maybe I still have some doubts about my long-term survivability in this industry, and so feel that by ‘guessing’ I am gambling my family’s future?

Who knows? I’ve got more work to do in understanding this.

Your beliefs about what trading is and why you do it are fundamental to the success of your trading business. You cannot expect to operate in a consistently profitable manner if you have conflicting beliefs about the value of yourself, of your chosen career or of your ability to succeed at it.

So when your ego takes a little hit from someone’s comments about trading, take the time out to examine your own beliefs. It doesn’t matter what the comment is:

• Suggestions that it’s impossible to profit from the market.

• Claims that you’ll never be able to make it.

• Cutting comments about how those losses could really have been better used elsewhere.

If it produces an emotional response in you, take some time out to ask why? What does your emotional response mean in terms of your beliefs about yourself and your chosen career as a trader?

That self-examination may reveal the breakthrough you were seeking, to take you to the next stage of your career or personal development.

Happy guessing,

Lance Beggs

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How To Deal With Consumer Motivation Research

  • Posted on July 1, 2009 at 7:56 pm

Consumer motivation research is all about understanding the most important aspect of a business – the customer. Studying consumer motivation helps businesses and organizations develop marketing strategies that work. Simply put, consumer motivation refers to the needs or desires of a consumer that drives their purchasing behavior. In studying consumer motivation, one needs to look at the following aspects:

- The consumer’s psychology that deals with their thoughts and feelings that affect how they choose among different products and brands.
- The customer’s surrounding environment that may influence purchasing decision such as family or the media.
- The consumer’s behavior during actual shopping or deciding on a purchase

Aside from the above, a complete study of consumer motivation should take into consideration the fact that consumers value some products as more important than others or they find some products interesting, and others not. This is important because consumer motivation would of course vary depending on whether the consumer regards the product as important or interesting. How they select products would also differ if they were to choose a product that is important to them than something that they care less about.

It is not only the business world that can benefit from studies on consumer motivation. It can also be useful in creating social awareness campaigns and delivering messages to the public effectively.

There are several methods used to research consumer motivation. The two basic categories are primary research, which is an original study conducted specifically for a business or company either by an in-house team or a third-party research group, and secondary research, which is existing research conducted by another group such as the US Census.

Some of the methods used in consumer motivation research include surveys for gathering specific data; focus groups where discussion leads to the discovery of customer concerns; personal interviews that allow in-depth understanding of consumer motivation and experiment tests, which is used to prove that there is only a single explanation for a specific observation.

Take note, however, that the choice of words used in a survey can influence the respondent’s answer or the list of answers is limited so the response is not that accurate. Interviews are also highly vulnerable to creating a bias in the respondent not to mention conducting such sessions is quite expensive. High cost is also true for focus groups. In this method also, the so-called “social desirability bias” can affect the response of participants who instead of giving their honest opinion may only be saying what they think will impress the group or make them likeable. With experiments, the environment is highly controlled and the result of the study may not accurately reflect the behavior of consumers when they are in their natural surroundings.

As you can see, all the research methods have their own advantages as well as disadvantages so choose the suitable method based on the needs of the customer motivation research.

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Article Source: How To Deal With Consumer Motivation Research

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