Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

tacdog

Members
  • Content Count

    5
  • Joined

  • Last visited

Everything posted by tacdog

  1. Yes - but the trading/investing style would change. I would only be a part time screen jockey and focus would be more on capital preservation than growth. I truly love the markets and my mind will always want to know what its doing
  2. I didn't even consider the speed of information, and how much faster the game of trading is played. As a trader we have to play the game at a pace where we are able process all necessary information to make decisions to execute our plan and exploit our edge
  3. If only the entire trading education world were like that........
  4. My trading improved when I started to keep a trading journal. It helped me identify my biases and bad habits
  5. http://en.wikipedia.org/wiki/Perfect_information Perfect information describes the situation when a player has available the same information to determine all of the possible games (all combinations of legal moves) as would be available at the end of the game. In Game theory a game is described as a game of perfect information if perfect information is available for all moves. Chess is an example of a game with perfect information as each player can see all of the pieces on the board at all times. Other examples of perfect games include tic tac toe, irensei, and go. Games with perfect information represent a small subset of games. Card games where each player's cards are hidden from other players are examples of games of imperfect information. In microeconomics, a state of perfect information is assumed in some models of perfect competition. That is, assuming that all agents are rational and have perfect information, they will choose the best products, and the market will reward those who make the best products with higher sales. Perfect information would practically mean that all consumers know all things, about all products, at all times, and therefore always make the best decision regarding purchase. In competitive markets, unlike game-theoretic models, perfect competition does not require that agents have complete knowledge about the actions of others; all relevant information is reflected in prices. The concept of perfect information has often been criticized by the various schools of heterodox economics. Trading is a game we all play in various forms. So do you think trading is a perfect or imperfect information game?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.