Get Bob
Prechter's most important paper yet for free!
For the first time ever the Socionomics
Foundation is giving away its most important research paper
to date: "The Financial/Economic Dichotomy in Social
Behavioral Dynamics: The Socionomic Perspective."
Robert Prechter's landmark paper, written
with collaborator Wayne D. Parker, broke new ground in proposing
a fundamental difference between financial and economic
decision making.
This paper:
- Exposes the serious flaws
in the Efficient Market Hypothesis, Asset Pricing Theory,
Utility and Value Theory, and Business Cycle Theory.
- Reveals why supply and demand
apply to shoes and bread but not to stocks.
- Explains the difference between economic
markets for utilitarian goods and financial
markets for investments and speculations.
- Teaches how the Law of Patterned
Herding leads to our downfall in the stock market.
- Shows you how the unconscious
mind makes decisions in times of uncertainty, and then
the conscious mind convinces
us that those decisions are rational.
- And lots more!
Originally published in the Journal of Behavioral Finance
in 2007, the paper spans 20 pages and is chock full of charts,
graphs, and diagrams. It's our gift to you!

If you would like to support the work of the Socionomics
Foundation, it would be an honor to have your donation.
A contribution of any size goes a long way to funding further
research such as the paper you’re about to enjoy. Even better,
the donation is tax-deductible!
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following dollar amounts to the not-for-profit Socionomics
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