AlphaBrain, Stephen Duneier
AlphaBrain, Stephen Duneier
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AlphaBrain
How a Group of Iconoclasts Are Using Cognitive Science to Advance the Business of Alpha Generation

Author: Stephen Duneier

Narrator: Stephen Bel Davies

Unabridged: 9 hr 37 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 02/26/2019


Synopsis

Smarter decision-making based on cognitive science

AlphaBrain is the investor's guide to achieving more, doing better, and reaching higher. At its core, the magnitude of your success is based on the quality of your decisions. The problem is that human beings are poor decision-makers; we tend to approach problems after they arise instead of planning for them in advance. We put too much weight on instinct, belief, and "gut feeling." We make the same mistakes over and over again—so reliably, in fact, that cognitive science can accurately predict exactly which mistakes we'll make and when. This book offers a way to understand and plan for the human mind's usual tendencies to help you make smarter investment decisions. Using a framework based on cognitive research, you'll learn how to approach decisions objectively, systematically, and constantly review your process; you'll take action based on evidence instead of intuition, and get ahead of potential problems before they get the best of you.

With so much riding on the correctness of your choices, natural tendency can be a dangerous thing. This book shows you how to remove the bias and emotion to start making choices backed by hard evidence and objective data and lower your stress.

Reviews

Goodreads review by Bryan on April 11, 2020

I was disappointed that this book didn’t spend more time laying out a process for making more effective decisions and avoiding cognitive bias traps. In the first half of the book, I was teased with ideas like getting disproportional benefits from marginal improvements and thinking of decisions in a......more

Goodreads review by Chetan on July 27, 2020

Right off the bat, this book is not for everyone. It's pretty expensive. The book is divided into two parts. The first part is about decision making and how making good decisions over time compounded can yield some amazing results. The second half of the book is about applying these principles to a......more

Goodreads review by Jan on January 27, 2021

Great book for describing how to setup rational decision making process. How to avoid noise, Eliminate cognitive bias and reduce common mistakes in decisions. Shift your processes from reactive to proactive Base decisions on reality over belief Eliminate cognitive bias and reduce common mistakes Make be......more

Goodreads review by Prashob on December 03, 2019

Read it halfway through doesn't seem to be useful for me, the target audience isn't well defined, too much noise and less meat more suited for people from a financial background if you are io n search for decision making books go for Daniel Kahneman, Dan Areily , Chip Heath etc......more

Goodreads review by Edgar on February 07, 2022

It’s a mixed up book,one doesn’t really know the target audience until they have started and are halfway inside to realize it’s an investment strategy book. But traders will enjoy it......more