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Richard L. Peterson is an American
behavioral economist
Behavioral economics studies the effects of Psychology, psychological, cognitive bias, cognitive, emotional, cultural and social factors on the decision making, decisions of individuals or institutions, such as how those decisions vary from t ...
and
psychiatrist.
He has developed behavioral finance-based quantitative models, imaged the brains of test subjects while play-trading, and is a writer and consultant in the psychology of financial decisions and the mining of sentiment in
social media
Social media are interactive media technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks. While challenges to the definition of ''social medi ...
.
Peterson developed text mining software to identify and quantify economically predictive sentiments, and speaks widely in the area of
behavioral finance
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory.
...
and social media analytics.
Life
Peterson graduated from the
University of Texas
The University of Texas at Austin (UT Austin, UT, or Texas) is a public research university in Austin, Texas. It was founded in 1883 and is the oldest institution in the University of Texas System. With 40,916 undergraduate students, 11,075 ...
, with a BS ''cum laude'' in
Electrical Engineering, a BA, and Doctor of Medicine degrees (M.D.). He performed postdoctoral neuroeconomics research at
Stanford University, is Board-certified in
Psychiatry
Psychiatry is the specialty (medicine), medical specialty devoted to the diagnosis, prevention, and treatment of mental disorders. These include various maladaptations related to mood, behaviour, cognition, and perceptions. See glossary of psych ...
, and is a visiting scholar at
Claremont Graduate University.
He is an investment advisor and managing director of the sentiment analysis firm MarketPsych Data and the psychology-based quantitative asset management firm MarketPsy Capital. In the educational field he developed financial personality tests, published in academic journals and textbooks, and is an associate editor of the
Journal of Behavioral Finance
The ''Journal of Behavioral Finance'' is a quarterly peer-reviewed academic journal that covers research related to the field of behavioral finance. It was established in 2000 as ''The Journal of Psychology and Financial Markets''. The founding ...
. In 2007, Peterson wrote Inside the Investor's Brain (Wiley), which translated behavioral finance concepts from academia to a lay audience. In 2016 he published Trading on Sentiment (Wiley), which explained sentiment-based patterns in financial market prices.
Peterson has appeared in CBS Evening News,
CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...
,
NPR
National Public Radio (NPR, stylized in all lowercase) is an American privately and state funded nonprofit media organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It differs from other ...
,
BBC #REDIRECT BBC #REDIRECT BBC
Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board exam. ...
...
,
Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
,
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Ni ...
, and
Harvard Business Review
''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. ''HBR'' is published six times a year and is headquartered in Brighton, Ma ...
.
He lives in California with his family.
Academic journal articles
* Peterson R. (2007). "Affect and Financial Decision Making: How neuroscience can inform market participants."
Journal of Behavioral Finance
The ''Journal of Behavioral Finance'' is a quarterly peer-reviewed academic journal that covers research related to the field of behavioral finance. It was established in 2000 as ''The Journal of Psychology and Financial Markets''. The founding ...
, v8, n2.
* Peterson R. (2005). "Investing Lessons from Neuroscience: fMRI of the reward system."
Brain Research Bulletin
''Brain Research Bulletin'' is a peer-reviewed scientific journal covering neuroscience. It was established in 1976 with Matthew J. Wayner (then at Syracuse University) as founding editor in chief. Later it was edited by Stephen Dunnett ( Car ...
. v67, n5, 391-397.
* Knutson B, Taylor J, Kaufman M, Peterson R, Glover G. (2005). "Distributed Neural Representation of Expected Value."
Journal of Neuroscience
A journal, from the Old French ''journal'' (meaning "daily"), may refer to:
*Bullet journal, a method of personal organization
*Diary, a record of what happened over the course of a day or other period
*Daybook, also known as a general journal, a ...
, 25, 4806-4812.
* Knutson B & Peterson, R. (2005). "Neurally reconstructing expected utility."
Games and Economic Behavior
''Games and Economic Behavior'' (''GEB'') is a journal of game theory published by Elsevier. Founded in 1989, the journal's stated objective is to communicate game-theoretic ideas across theory and applications. It is considered to be the lead ...
. 52, 305-315.
* Peterson, R. (2002). "'Buy on the Rumor:' Anticipatory affect and investor behavior." Journal of Psychology and Financial Markets, v3, n4.
Textbook chapters
* Peterson R. (2014). "Neurofinance." Chapter 23 of Behavioral Finance. Eds. Baker and Ricciardi. John Wiley & Sons: New York.
* Peterson R. (2010). "Neuroeconomics and Neurofinance." Chapter 5 of Behavioral Finance: Investors, Corporations, and Markets. Eds. Baker and Nofsinger. John Wiley & Sons: New York.
* Peterson R. (2005). "Buy on the Rumor and Sell on the News." Chapter 30 of the textbook Risk Management,
Elsevier Publishing.
Books
*''Inside the Investor's Brain: The Power of Mind over Money'', Wiley, John & Sons, July 2007,
*''MarketPsych: How to Manage Fear and Build Your Investor Identity'', Wiley, John & Sons, September 2010,
*''Trading on Sentiment: The Power of Minds over Markets.'' Wiley, John & Sons: New York, March 2016,
References
External links
"Thomson Reuters MarketPsych Indices" "Thomson Reuters"
''On Wall Street''
"Pro stock traders looking to Twitter, Facebook for tips" "Los Angeles Times"
{{DEFAULTSORT:Peterson, Richard L.
1972 births
Living people
Cockrell School of Engineering alumni
Stanford University people
American psychiatrists
Behavioral finance
Behavioral economists