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      Day Traders, Computers and the Trading Floor – Interactional Expertise?

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      ,

      9th Bi-annual International Conference on Naturalistic Decision Making (NDM9) (NDM)

      Naturalistic Decision Making (NDM9)

      23 - 26 June 2009

      Day trading, applied cognitive task analysis, interactional expertise

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            Abstract

            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
            Conference
            June 2009
            June 2009
            : 249-250
            Affiliations
            [0001]London College of Communication

            University of the Arts London, UK
            [0002]Faculty of Management & Law

            University of Surrey, UK
            Article
            10.14236/ewic/NDM2009.34
            6f8e5205-5ceb-42d9-8989-15b8fdc1ad49
            © Claire McAndrew et al. Published by BCS Learning and Development Ltd. 9th Bi-annual International Conference on Naturalistic Decision Making (NDM9), BCS London

            This work is licensed under a Creative Commons Attribution 4.0 Unported License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

            9th Bi-annual International Conference on Naturalistic Decision Making (NDM9)
            NDM
            9
            BCS London
            23 - 26 June 2009
            Electronic Workshops in Computing (eWiC)
            Naturalistic Decision Making (NDM9)
            Product
            Product Information: 1477-9358BCS Learning & Development
            Self URI (journal page): https://ewic.bcs.org/
            Categories
            Electronic Workshops in Computing

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