Mirages, from Nigel Davies

December 30, 2008 |

 A study of the psychology of mirages might be a profitable line of investigation for speculators. The phenomena can be real, but the issue of interpretation can be a question of what we want to see.

From wikipedia:

A mirage is a naturally-occurring optical phenomenon, in which light rays are bent to produce a displaced image of distant objects or the sky. The word comes to English via the French mirage, from the Latin mirare, meaning 'to look at, to wonder at'. This is the same root as for mirror and to admire. Like a mirror, a mirage shows images of things which are elsewhere. The principal physical cause of a mirage, however, is refraction rather than reflection. A mirage is a real optical phenomenon that can be captured on camera, since light rays actually are refracted to form the false image at the observer's location. The interpretation of the image, however, is up to the fantasy of the human mind, and is easily mistaken for a small body of water.

Peter Grieve comments:

Long distance precision rifle shooters "read" the mirage ("heat waves" in other words) to get an idea of wind speed and direction. "Reading the mirage" sounds like a great name for a trading protocol– unfortunately I can't think of what it would actually be.


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