Title:

A Concept of a Platform for Data-Driven Approach to Detect Cognitive Biases with Feedback

Group publication title:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Title in english:

Projekt platformy do wykrywania błędów poznawczych poprzez podejście zorientowane na dane ze wsparciem

Creator:

Fafuła, Aleksander

Subject and Keywords:

cognitive biases ; trading simulator ; trading support software ; patterns in behaviour

Description:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2010; Nr 147, s. 118-128

Abstrakt:

Cognitive biases often influence decision processes related to investment on stock markets. Mainly, these concern complex problems with perception and understanding of surrounding reality. This research was aimed to detect cognitive biases in the data-driven manner. A few basic cognitive biases are examined: gambler’s fallacy, base rate fallacy, clustering illusion, bandwagon effect, overconfidence effect. This paper presents a new concept of a platform which can detect specific users behaviours. Finally users evaluate algorithms and rules found. Along with the standard functionalities of a stock market simulator a few methods of data mining will be applied: inductive decision trees, associations, clustering and more.

Publisher:

Publishing House of Wrocław University of Economics

Place of publication:

Wrocław

Date:

2010

Resource Type:

artykuł

Language:

eng

Relation:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2010; Nr 147 ; Advanced Information Technologies for Management – AITM 2010

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Coverage:

Dofinansowano z programu "Społeczna odpowiedzialność nauki" Ministra Edukacji i Nauki (SONB/SP/546390/2022). Tytuł projektu: Upowszechnienie zawartości czasopisma Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu