Sunday, February 26, 2012

More on Investment Biases Paper

From a Credit Bubble Stocks correspondent:

This evening I read the first few pages of Complex Worlds from Simpler Nervous Systems by Frederick Prete.

The first item or chapter is about Portia spiders. a predator that preys on other species of spiders. It has very good vision. It can study the environment to figure out a pathway to its prey, once it has spotted a prey spider. It can detour, reverse course and find its way to its prey, even when it is out of sight for a time. When it preys on spiders that make webs, it manipulates the webs to create misleading vibrations. It makes random responses, studies their success and reinforces success.
This follows up on our earlier post about the paper, "Why Do Individuals Exhibit Investment Biases?".

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