This concluding chapter summarizes the key findings of this study and their implications for management, trader development, regulation, and future research. The study made use of interviews, observations, surveys, psychometric tests, a computer-based experiment, and archival exploration to take on a multidisciplinary perspective in order to understand how markets operate and, specifically, what determines the behaviours of both traders and firms. The chapter reviews the limitations of the efficient markets paradigm in explaining behaviour, the implications of reflexivity, and the emotional experiences involved in becoming a trader. The chapter emphasizes the importance of intuition and the experiential and psychological factors that affect the nature of a trader's rationality. Lastly, trader management and the implications of regulatory interventions are discussed. Possibilities for future research include the biases involved in decision making, trading and decision-making styles, and the other applications of psychology in the field of behavioural finance.
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