[Hanoi5]

I remember reading some years ago about a research that had been made comparing the skills used for success at the stock market with the ones used in bidding (or bridge in general). Is it my paramnesia or does anyone have a link?

[FM75]

Lots of poker players on The Street.

Jimmy Cayne is the only bridge player that comes to mind. I don't think he was known for his success in the stock market. But he was CEO of Bear Stearns when its credit went down the toilet resulting in its failure.

[GreenMan]

Michael Rosenberg worked in the financial sector somehow, I don't remember the specifics.

[rbforster]

Hear a lot of ex-options traders are good players, often rich enough to be clients.

I'm not sure about the research you're recalling, but I enjoy and am good at bidding systems stuff and am good enough at trading to make a job of it if I want. I have a pretty hard time seeing the relevant connections between the two however.

[Zelandakh]

rbforster, on 2013-September-18, 21:19, said:

I enjoy and am good at bidding systems stuff and am good enough at trading to make a job of it if I want. I have a pretty hard time seeing the relevant connections between the two however.

A lot of "bidding systems stuff" is about spotting patterns - patterns of problems that can be better solved; patterns of bidding sequences that can be repeated in other auctions; and so on. I would imagine that pattern-spotting is quite useful in the stock-market too, especially when so much of the trading is done by computer these days. You also have factors such as probability and risk assessment common to both.

[Hanoi5]

When I say research I mean a Paper,Academic Paper, or something. As I said in my post they studied a correlation or something between the risks/mental processes taken in the market vs the ones in bridge. Or something like that. I couldn't find it in google.

[mgoetze]

Hanoi5, on 2013-September-19, 09:56, said:

When I say research I mean a Paper,Academic Paper, or something. As I said in my post they studied a correlation or something between the risks/mental processes taken in the market vs the ones in bridge.

And you're really sure it was bridge, and not poker?

[Hanoi5]

Yes, I'm pretty sure.

[broze]

http://www.businessi...eet-2011-7?op=1

[ggwhiz]

I don't remember the firm but there was one in Chicago trading on the NASDAQ that closed down for all the NABC's. Every one of them was a bridge player and I recall the Canadian content, George Mittleman and Peter Nagy. A friend of mine landed an entry level trading position with them a few months before the crash so it didn't last long. I believe Ralph Katz was part of the crew.

[mike777]

I am from Chicago and yes I know the story.


1/n is a good place to start when talking stock market and math/stats if you invest for the long term.

Over 30 years less than 1 in 100 companies wlll represent half your returns. You cannot afford to miss that company, so you need to be as broadly invested as possible.

Granted this is just a first step.
-------------------------------------------------

I fully understand many, many prefer to speculate on the short term.

[mike777]

broze, on 2013-September-19, 15:04, said:

http://www.businessi...eet-2011-7?op=1

and if you invest based on this article.....??//


you win billions?

you lose billions?
-------------------------------


yet this was up voted often.......

[broze]

mike777, on 2013-September-21, 02:46, said:

<ramblings>

Lulwut?

[onoway]

This ? http://www.gurufocus...dge-and-buffett

[Hanoi5]

I found it. And then some:

http://www.people.fa...er_2011_jru.pdf

It was about dopamine, risk taking and bridge/stocks.

I found some others on my way there:

http://www.bridgeguy...gApproachUM.pdf

http://www.mini.pw.e...CE/ICAISC06.pdf

http://ephman.org/br...eview200908.pdf

http://people.tamu.e...cialization.pdf

http://carlo-hamalai...20study%20(1987).pdf

http://www.cs.auckla...my-McIntyre.pdf

http://www.ieee-cig....ig2009_017e.pdf

Most of them have to do with computers and bridge. I also read there was one about how to analyse results from tournaments by an Asian guy in a Nordic country, but I had to pay in order to read it (or see it).

Thanks to those who helped.