Forex TV Broadcast - European Broadcast News 1995

This programme (5 minute - 3.6Mb - approx. 15 minutes download at 56k) was filmed during the early days of the research.

Click here to download.

There is a sound reason why a person might base a decision on only one reason rather than on a combination of reasons: Combining information in different cues requires converting them into a common framework, a conversion that may be expensive if not actually impossible. For instance, take this decision on the basis of several cues combined into one assessment of each option, standard models of optimization, whether constrained unbounded, assume that there is a common framework for all beliefs and desires, namely, quantitative probabilities and utilities. Although this is a mathematically convenient assumption, the way we look at the world does not always conform to it. The mind has little choice but to rely on a fast and frugal strategy - it bases its decision on just one good reason.

There is a complex relationship between the spot and future prices - not easily extracted until you use a coupled nonlinear oscillator. In effect this is detecting the flock attractor with respect to the futures price.

When the masses tune into similar clues, the group behaviour and dynamics are highly predictable.

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