Description
John Wiley & Sons Inc Markets In Profile by James F. Dalton , Robert B. Dalton , Eric T. Jones
Markets in Profile explores the confluence of three disparate philosophical frameworks: the Market Profile behavioral finance and neuroeconomics in order to present a unified theory of how markets work. The Market Profile is an everevolving multidimensional graphic that gives visual form to the markets continuing auction process revealing the myriad underlying dynamics that influence market activity. Behavioral finance posits that investors are driven more by emotional factors and the subjective interpretation of minutia than by rationality when making investment decisions. And neuroeconomics is the study of how investor psychology permeates and affects the financial markets. Mr. Dalton explicates the ways in which irrational human behavior influences the markets natural auction process creating frequently predictable market structure which results in opportunities for investors to ameliorate risk. The book will improve investors ability to interpret change in markets enabling better more confident investment decisions.