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Commodities · Commodity process and review · lesson 7 of 9 · 7 min read · David Alexander

Outcome bias, when the report does the deciding

variable reinforcement

The training schedule that builds the most persistent habits: rewards that arrive unpredictably, on some attempts and not others. A scheduled report resolving randomly for or against a held position is exactly this schedule - which means holding through releases is not merely risky but habit-forming, by the same mechanism that makes fruit machines work.

This lesson is part of the advanced modules.

Modules 6 to 8 are included with a paid account. The definitional summary above is the whole of this page until then.

Outcome bias, when the report does the deciding