Trader decision making: case study for irrational technologies

• Main Author: Suhoviy, Elena
• Format: Master Thesis
• Language: English
• Published: Høgskolen i Bodø 2007
• Subjects: bedriftsøkonomi; finansiering; investering; VDP::Social science: 200::Economics: 210::Business: 213; Bodø
• Online Access: http://hdl.handle.net/11250/140720

Mastergradsoppgave i bedriftsøkonomi - Høgskolen i Bodø, 2007 Process of decision making is a difficult question in any area. It always lies in between object of decisions and psychology. As we found in this research trader decision making is not excluded. While it stays always important question as defines and changes a lot. In financial trading it involves fundamental, technical analyses, choice of strategy, set of risk control. In this paper we studied irrational technologies as an approach to decision making on financial markets. Irrational technologies were found and applied by Urij Ichkitidze on Russian financial market in the years of 2001 – 2007 and is now under experiment. The aim of this paper was to try to prove application of this new idea by its detail description, comparing with a more generally accepted and usual way; analyze its performance and results for the stated years. For this there was gathered a theoretic review of existing financial scientific trends in order to find a place for the studies idea. There was collected data on Russian financial market for the purpose of taking into consideration environment where approach was applied. It was followed by description of core idea of irrational decision making which has a deep insight in psychology of trader. Then there was presented thoughts that we managed to collect of other traders decision making processes, it turned out be unclear area for themselves. Finally we presented results of application of irrational technologies, the experience if Urij Ichkitidze for the stated period. Results of the research showered difficulties for traders in understanding their decision making – collecting and interpreting data, forecasting and acting, selling/buying. Irrational technologies were proved applied and successful, were proved different from usual approach, were considered hard and daring technique.