Confessions Of A Market Maker

Episode #113: Denise Shull on Neuroeconomics, Using Your Feelings as Data & the Fractal Mind

17 snips
Aug 10, 2023
Denise Shull, an expert in understanding emotions in investment decision-making, discusses topics such as a lawsuit over the TV show Billions, the intersection of academia and trading psychology, the influence of past experiences on trading, and embracing fear for improved performance in professional teams like NASCAR pit crews.
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ANECDOTE

Writers Room Meeting Turned Lawsuit

  • Denise described meeting a writers' room that used her book for a TV pilot and later suing over being excluded from media.
  • She lost long appeals but learned public exposure still brought speaking opportunities and clients.
INSIGHT

Emotion Is Decision Fuel

  • Neuroscience shows emotions are required to make decisions and are inseparable from cognition.
  • Feelings act as confidence signals that determine whether you'll act on a conclusion.
ADVICE

Develop Interoceptive Awareness

  • Train interoception: practice sensing heartbeat and visceral signals to improve trading performance.
  • Traders with stronger internal awareness make more money and last longer in trading roles.
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