The Behavioral Economist
Behavioral finance, growth, small-cap, fund holdings

Alcobra: A Speculative Biopharmaceutical Company With An Intriguing ADHD Drug Candidate

There is a significant difference between a "response" and a "reaction." At first glance, the difference between the two may seem hardly worth mentioning. However, the fact of the matter is, the difference is not only substantial, but it is also, in some instances, a defining component of one's ability to cope, function, and live in the world. A "response" is deliberate. It is often rational, proportionate, appropriate, and measured. A "reaction" is impulsive. It is often irrational, imbalanced, unsuitable, and incompatible with the circumstantial catalyst. As one can imagine, being in possession of the ability to "respond" to disappointment, excitement, or loss is a valuable facet of one's behavioral methodology. However, if that ability is compromised, and one's behavioral...

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