6/26/2009

Patience

"Patience (pā-shəns) is the state of endurance under difficult circumstances, which can mean persevering in the face of delay or provocation without becoming annoyed or upset; or exhibiting forbearance when under strain, especially when faced with longer-term difficulties. It is also used to refer to the character trait of being steadfast.

In evolutionary psychology and in cognitive neuroscience, patience is studied as a decision-making problem, involving the choice of either a small reward in a short span of time, or a more valuable reward after a long period of time. All animals, humans included, discount future rewards—the present value of delayed rewards is viewed as less than the value of immediate rewards.

In a 2005 study involving common marmosets and cottontop tamarins, both species faced a self-control paradigm in which individuals chose between taking an immediate small reward and waiting a variable amount of time for a large reward. Under these conditions, marmosets waited significantly longer for food than tamarins. This difference cannot be explained by life history, social behaviour or brain size. It can, however, be explained by feeding ecology: marmosets rely on gum, a food product acquired by waiting for exudate to flow from trees, whereas tamarins feed on insects, a food product requiring impulsive action. Foraging ecology, therefore, may provide a selective pressure for the evolution of self-control.

Patience is often described as a core virtue in religion or spiritual practices. For example, Job is a figure that appears in the Hebrew Bible, Christian Bible and the Qur'an; his story is considered a profound religious work. At its core, the theme is the co-existence of evil and God and the application of patience is highlighted as the antidote to the earthly struggles caused by that co-existence. The plot of the book is that Job endures near-apocalyptic calamities without losing his patience or reproaching Divine Providence. In the Qur'an, the person of Job is actually known as Ayyūb (Arabic: أيوب ), which is a name that is symbolic of the virtue of patience (although it does not mean patience in itself)." Source Wikipedia

Hmmmmm.

Charts with no trades. Or should I say no signals.

Hmmmmm.

Crude Oil
Soybeans

No comments: