Motivation – Despite the intersection between naturalistic decision making (NDM) and the environments in which day traders operate, little research has applied NDM theory and methods to the study of day trading practices. Research approach – In-depth interviews using applied cognitive task analysis (ACTA) were conducted with eight UK-based day traders. Findings – Nine cognitively complex elements of expertise were identified, highlighting the inextricable link between day traders’ cognition, the trading floor in which they operate and computer technology with which they interact. Research limitations/Implications – Despite limitations associated with the generalisability of findings, it is hoped the research will demonstrate the utility of applying qualitative methods such as ACTA to the field of behavioural finance. Originality/Value – This work is original in its application of a ‘naturalistic’ mode of enquiry and macrocognitive theory to what has been coined a microcognitive domain. Take away message – ‘Interactional expertise’ is a useful concept for understanding day traders’ decision-making.
Content
Author and article information
Contributors
Claire McAndrew
Julie Gore
Conference
Publication date:
June
2009
Publication date
(Print):
June
2009
Pages: 249-250
Affiliations
[0001]London College of Communication
University of the Arts London, UK
[0002]Faculty of Management & Law
University of Surrey, UK