The Malign Hand of the Markets: The Insidious Forces on Wall Street that are Destroying Financial Markets – and What We Can Do About it
Abstract
But Duke University professor John Staddon is here to tell that there’s also another, darker force at work on Wall Street—a “Malign Hand” that guides all human interactions, including our finances.
Type
Department
Description
Provenance
Subjects
Citation
Permalink
Collections
Scholars@Duke
John E. R. Staddon
Until my retirement in 2007, my laboratory did experimental research on learning and adaptive behavior, mostly with animals: pigeons, rats, fish, parakeets. We were particularly interested in timing and memory, feeding regulation, habituation and the ways in which pigeons and rats adapt to reward schedules. The aim is to arrive at simple models for learning that can help to identify the underlying neural mechanisms. I continue to do theoretical and historical work on the power law in psychophysics, operant learning, timing and memory, habituation and feeding regulation. I have applied some of these ideas to economics and financial markets and social issues such as traffic control (Distracting Miss Daisy, The Atlantic, 2008; Death by Stop Sign) and smoking (Unlucky Strike, Private Health and the Science, Law and Politics of Smoking, with David Hockney, UBP, 2013). A second edition of Adaptive Behavior and Learning (Cambridge UP) was published in 2016. Most recently I have published Scientific Method: How Science Works, Fails to Work, and Pretends to Work. published by Routledge in December, 2017, Unlucky Strike Second Edition, and Science in an age of unreason (Regnery, 2022).
Material is made available in this collection at the direction of authors according to their understanding of their rights in that material. You may download and use these materials in any manner not prohibited by copyright or other applicable law.