Tuesday, March 27, 2012

An Experiment in Speculative Behavior

An Experiment in Speculative Behavior
O.K. Burrell (Oren Kay)

Book Description: Bureau of Business Research, School of Business Administration, Univ. of Oregon, 1950. Soft cover. 1st Edition. 8vo - over 7¾ - 9¾" tall. Softcover, Saddle Stitch, Tan card wrappers with black title to cover, 48 page Research Pamphlet by Oren Kay Burrell published in April 1950,

Book Condition: Very Good, small tear at top edge (1/4 in.), covers rubbed and light soil, internally clean, no marks,

Contents: From the Preface, "Very little attention has been given to the psychology of speculation by either economist or psychologists. Yet how men behave in the market is a matter of more than casual interest. It is related to business-cycle theory as well as to varies theories of stock price patterns. The response of savers to interest-rate changes and the nature and bases of decisions to invest are principal topics of modern economic inquiry. Indeed all economic theory is necessarily based upon some supposition as to how men respond to economic stimuli. Differences in economic thinking are primarily differences of opinion as to how men respond to given stimuli; one of the important differences between Keynesians and the classical economists has to do with response to interest-rate changes."" -- Preface, Hypothesis, Organization of the Study, Design of the Experiment in Relation to Hypothesis, Relationship Between Gains or Losses and the Direction of the Price Movement, Relationship of Speculative Success to Academic Record and Aptitude, Relationship of Gains and Losses to Volume of Trading, Test for Luck, Tests of Hypothesis, Hypothesis I, Hypothesis II, Hypothesis, III, Hypothesis IV, Summary, Appendix A, B, C, D, E, -- end. EXTREMELY SCARCE TITLE on trading psychology and the psychology behind speculation. Collectible.

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