Brice Corgnet|Mark DeSantis|David Porter
What Makes a Good Trader? On the Role of Intuition and Reflection on Trader Performance
Chapman University
abstract using laboratory experiments provide evidence three factors influencing trader performance fluid intelligence cognitive reflection theory mind tom fluid intelligence provides traders computational skills necessary draw statistical inference cognitive reflection helps traders avoid behavioral biases thereby extract signals market orders update prior beliefs accordingly tom describes degree traders correctly assess informational content orders show cognitive reflection tom complementary traders benefit understanding signals quality capable processing signals