"Game theory is hot," says the Wall Street Journal, and many of today's most successful traders are using it to make crucial-more profitable-buying and selling decisions. Virtually every trader... This description may be from another edition of this product.
unless, perhaps, you're a floor trader on one of the exchanges, where you're competing with people, face to face, and trying to use their strengths and weaknesses to your own advantage. I'm a bit annoyed with David Caplan, the remarkable options man, for publishing it as if it was "gambling theory for traders." It certainly is not. Don't get me wrong: This fellow, Juel Anderson, is an astonishing fellow: Almost alarmingly bright and insightful, he could use the material in this book to start a quasi-relegion based upon gambling and sales insights. The book is a wonderful read, with descriptions of categories of human nature/behavior that would be very difficult to find anywhere else. However, there is actually very little discussion of gambling / trading as such... not much to apply to your trading unless you're in the pits. This book would be better placed in the psychology or psych / personal philosophy section than anywhere else... in which section, it deserves five stars.
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