JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Identification of Financial Market Experts
Author(s): Stéphane Cellier-Courtil
Citation: Stéphane Cellier-Courtil, (2020) "Identification of Financial Market Experts," Journal of Applied Business and Economics, Vol. 22, Iss.14, pp. 203-210
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This article reports on the process of identifying a financial market expert. This work was undertaken as
part of a thesis whose objective was an analysis of the knowledge actually mobilised by financial industry players in order to understand their investment choices in a context of decision-making in a natural situation. In the course of this undertaking, it appeared necessary to clarify a definition of the notion of financial market expert. This concept was built over time and following multiple meetings with financial players. Our iteration was based on the theoretical corpus developed by Naturalistic Decision Making (NDM). This allows us to identify criteria that aim to identify an expert through peer recognition, but also to specify the characteristics of this expertise through the ability to distinguish typical situations, the ability to make differences, and finally the ability to build stories to report situations. In conclusion, we highlight some of the particularities of the financial market expert, who constitutes a context in which evolution, uncertainty, and risk come together.