| dc.description.abstract | Process of decision making is a difficult question in any area. It always lies in between object of
decisions and psychology. As we found in this research trader decision making is not excluded.
While it stays always important question as defines and changes a lot. In financial trading it
involves fundamental, technical analyses, choice of strategy, set of risk control. In this paper we
studied irrational technologies as an approach to decision making on financial markets.
Irrational technologies were found and applied by Urij Ichkitidze on Russian financial market in
the years of 2001 – 2007 and is now under experiment. The aim of this paper was to try to prove
application of this new idea by its detail description, comparing with a more generally accepted
and usual way; analyze its performance and results for the stated years.
For this there was gathered a theoretic review of existing financial scientific trends in order to
find a place for the studies idea. There was collected data on Russian financial market for the
purpose of taking into consideration environment where approach was applied. It was followed
by description of core idea of irrational decision making which has a deep insight in psychology
of trader. Then there was presented thoughts that we managed to collect of other traders decision
making processes, it turned out be unclear area for themselves. Finally we presented results of
application of irrational technologies, the experience if Urij Ichkitidze for the stated period.
Results of the research showered difficulties for traders in understanding their decision making –
collecting and interpreting data, forecasting and acting, selling/buying. Irrational technologies
were proved applied and successful, were proved different from usual approach, were considered
hard and daring technique. | en |
