Psychology & Behavior
Selective Signal & Partial Visibility
In an information-saturated world, market participants make decisions based on fragmented data. When a single event has multiple dimensions, different actors focus on different signals—one notices a 15% surge in Nvidia while another sees Meta down 8%—creating a fragmented understanding of the overall trend. This reflects a fundamental constraint of human cognition: we cannot process all information simultaneously, so we must rely on selective attention to navigate complexity.
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