Richard L. Peterson, M.D.

Neurofinance ~ Coaching ~ Strategy

(415) 267- 4880

E-mail: marketpsych -at- gmail.com

San Francisco, CA, USA

 

See my book, published July 9, 2007 by Wiley:

Inside the Investor's Brain

 

EDUCATION  

Psychiatry Residency (Post-doctoral training) - San Mateo Medical Center, 2000-2004.

M.D. (Doctor of Medicine) - University of Texas Medical Branch, May 2000, with Honors.

B.S. (Electrical Engineering) - University of Texas, May 1995, with Honors.

B.A. (Plan II Liberal Arts) - University of Texas, May 1995, with Honors.

 

EXPERIENCE

Managing Partner, Market Psychology Consulting, 2002-Present.

Visiting Scholar, Claremont Graduate University, Center for Neuroeconomics Studies , 2006-Present.

Collaborating Researcher, Stanford University Affective Neuroscience Project (SPAN), 2002-Present.
Psychiatry Resident, San Mateo Medical Center, 2000-2004. Chief Resident in 2003-2004.

Neural Network Software Engineer and Futures Trader, Intelligent Investments, 1995-1997.

 

RESEARCH INTERESTS

 Neurofinance and Neuroeconomics

  Financial decision-making (money, investment, and trading psychology)
  Price patterns in the financial markets

  The neural reward system

  Investor Psychology Blog


COMMERCIAL ACTIVITIES

  Arbitrage of psychological price patterns in financial markets.

  Investor performance enhancement: individual coaching, investor personality testing, and fMRI screening.

  Seminars, 2-day workshops, and consulting.


MONEY PSYCHOLOGY PAPERS
 
Peterson R. (2007). "Affect and Financial Decision Making: How neuroscience can inform market participants." Journal of Behavioral Finance, v8, n2. pdf.

  Peterson R. (2005). "Investing Lessons from Neuroscience: fMRI of the reward system." Brain Research Bulletin. v67, n5, 391-397. html.

  Peterson R. (2005). "Buy on the Rumor and Sell on the News." Chapter 30 of the textbook Risk Management, Elsevier Publishing.

  Chew SC, Li KK, Peterson R. (2005). "The Neuroeconomics of Gambling." Innovation Magazine. v5, n3.

  Knutson B, Taylor J, Kaufman M, Peterson R, Glover G. (2005). "Distributed Neural Representation of Expected Value." Journal of Neuroscience, 25, 4806-4812. pdf.

  Knutson B & Peterson, R. (2005). "Neurally reconstructing expected utility." Games and Economic Behavior. 52, 305-315.  pdf.

  Peterson, R. (2003). Book Review of Paul Glimcher's Decisions, Uncertainty, and the Brain: The science of neuroeconomics. Journal of Behavioral Finance. (unpublished) html.

•  Peterson, R. (2003). "Probing the brain of an investor:  How advances in neuroscience are demystifying the markets." Market Psychology Consulting white paper. html.

  Peterson, R. (2003). "Book Review of The Trading Athlete."  Journal of Behavioral Finance, v4, n2. html.

•  Peterson, R. (2002). "'Buy on the Rumor:' Anticipatory affect and investor behavior."  Journal of Psychology and Financial Markets, v3, n4. html.

 

ACADEMIC PRESENTATIONS

  "The Psychology of Trading". AAII Computerized Investing Conference (May 13th, 2006).

  "The Neural Reward System: Overconfidence, Overreaction, and Overtrading in the financial markets". 2006. Claremont Graduate University, Center for Neuroeconomics Studies.

  "Linguistic Analysis of the Business News: Risk Forecasting in the Financial Markets". 2005. Stanford University SPAN lab.

  "fMRI of Expected Utility." (with Brian Knutson, PhD) 2005. American Economics Association, annual meeting. Philadelphia.

  "The Psychology of Money: Earning, spending, and saving." 2004. SMC Psychiatry Department.

  "Neuroscience in Business." 2004. Chair, 2nd CONNECS neuroeconomics conference. University of Muenster, Germany.

  "Behavioral Finance: An overview." 2004. Strategic Asset Alliance Investor Forum IV.

  "Neurally Deconstucting Expected Utility." 2004. Psychology and Economics spring seminar. UC Berkeley (with Brian Knutson, PhD).

  "Risk, Reward, and Uncertainty: fMRI of the reward system." 2003. Laboratory of Financial Engineering and Brain and Cognitive Sciences Department. MIT.

  "Options Pricing and Emotion: Lessons from fMRI?" 2003. Stanford University SPANlab.

  "Decisions in Life, Work, and Finances: Reconciling psychoanalysis and experimental psychology." 2003. San Francisco Psychoanalytic Institute. Scientific program.

  "Risk, Expectation, and the Brain: The neuroscience of investing." 2003. Technical Security Analysts Association of San Francisco annual conference.

  "Market Anomalies and Decision Science: A overview of behavioral finance." 2003. Ohio Public Employees Retirement System (OPERS).

  "Buy on the Rumor." 2003. Mind Over Money radio show.

  "Neural Network Forecasting of the S&P 500 Stock Market Index." 1996. Eastern Association of Finance Conference (with Richard Peterson (PhD)).


MEDITATION AND YOGA ARTICLES

  Peterson R. (2004). "The Healing Psychology of Yoga."  html.

  Peterson R. (2004). "Meditation Styles."  html.

 

AWARDS

  Residency Research Award. SMC Psychiatry Training Program, 2004.

  Harold R. Ford Award for Excellence in Psychiatry, University of Texas Medical Branch, 2000.

  Travel Award, University of Wisconsin Conference on Emotion Regulation, 2003 and 2004.
  Outstanding Thesis Award for B.A. Honors Program Senior Thesis: "Artificial Neural Network Forecasting of the S&P 500 Stock Market Index," 1995.

 

SCHOLARSHIP

Associate Editor, Journal of Behavioral Finance

SSRN Category Editor, Experimental and Behavioral Finance

Ad Hoc Reviewer: International Journal of Yoga Therapy

Ad Hoc Reviewer: Journal of Cognitive Neuroscience

Ad Hoc Reviewer: Neuroimage

Ad Hoc Reviewer: Trends in Cognitive Neuroscience

Ad Hoc Reviewer: Academic Psychiatry

Ad Hoc Reviewer: Psychology, Public Policy, and Law

 

MEDIA

Full list here: Press
Quoted in Harvard Business Review, Bloomberg Magazine, Kiplinger's Personal Finance, Chicago Tribune, Smart Money Magazine, Dow Jones Newswire, Knight-Ridder, The Boston Globe, Cleveland Plain-Dealer, Technology Review magazine, IstoE Dinheiro (Brasil), Canal 2 (France), Handelsblatt (Germany), and others.

 

BIOGRAPHICAL INFORMATION

Richard L. Peterson was born in Washington D.C. and raised in Texas.  He attended the University of Texas where he earned degrees in Electrical Engineering and Arts in 1995.  Also in 1995 he co-founded and worked as a partner in Intelligent Investments where he both designed neural network-based stock index forecasting sofware and traded derivatives.  Dr. Peterson attended the University of Texas Medical Branch (medical school) from 1996 to 2000 where he received the Ford Award for Excellence in Psychiatry and earned a doctor of medicine degree (M.D.) with honors.  He completed his four-year psychiatry residency in 2004, and at present he continues as a managing partner of Market Psychology Consulting. 

 

Dr. Peterson is the author of Inside the Investor's Brain: The power of mind over money, published in July 2007 by Wiley. Dr. Peterson has created several online money psychology tests including the "Investing Personality Test." Dr. Peterson has been managing his own stock and commodity investment accounts for the past 16 years, and for the past 8 years the accounts have been managed with psychology-based systems. Dr. Peterson's professional goals include developing novel research, education, coaching, and strategy for traders and investors in the financial markets.

 


Links:  [Market Psychology Consulting] | [Institute of Psychology and Markets] | [Yoga]