‘Mirror of emotions’ to ‘rationalize’ online traders

Tom Marcinko @ 17-11-2009

rationalizer_highres3“Curb your enthusiasm” seems to be the message of a new gadget from Philips Electronics and the Dutch bank ABN AMRO. They decided to collaborate on the “Rationalizer” bracelet system “after research confirmed that day traders sometimes act irrationally because their actions are affected by their stress level and powerful emotions such as greed or .”

The Rationalizer consists of an “EmoBracelet” and an “EmoBowl” and incorporates sensors and signal processors designed by Philips. The EmoBracelet’s galvanic skin response sensor measures the level of emotional arousal in a similar way to a lie detector. The result is displayed on either the bracelet or the EmoBowl as a light display that intensifies and changes to reflect the wearer’s intensifying emotional arousal. At the highest emotional the display has a greater number of elements moving at higher speed, and the color changes to a warning red.

The video is pretty entertaining. Yes, it does look like a phildickian update of the old mood ring. And it’s not just for day traders willing to admit that they sometimes get carried away.

Senior Director at Philips Design Clive van Heerden said sensing was becoming more important in today’s digital world. He also believes there are many other possible applications, such as game controllers, intelligent cameras to interpret social situations, or even dating sites that enable you to tell who is attracted to you.

Also, you have to love the name of the division of the bank that worked on this device: the Dialogues Incubator.

[Story and image: PhysOrg.com]


EmoBracelet to remind traders not to be dicks

Paul Raven @ 19-10-2009

The *other* sort of emo braceletsBoy, those stock market trader guys sure can get the rest of us into a mess with their crazy high-jinks. But it’s not entirely their fault, you know – they just get a bit carried away in the heat of the moment. C’mon, we’ve all been there – emotions run high, you have to make a snap decision, and sometimes you get it wrong. Granted, for most of us there’s little chance of shafting the entire planet in the process…

But wouldn’t it be good if we could keep those traders calm? If we could lay a metaphorical cool hand of reason on their shoulders every once in a while and say “hey, maybe you’re thinking with your heart (or your dick) rather than your head”? Electronics giant Philips and financial behemoth ABN Ambro seem to think it’s a great idea, and have hence teamed up to develop a conceptual device called the EmoBracelet, which should achieve the same effect:

The gadget [...]measures electrical signals from users’ skin to assess their emotional state. The technology is similar to a lie detector recognising the nervousness behind a fib.

The announcement by the two companies said online traders had nearly double the number of deals as those who traded through a broker and that online traders earned lower returns because of poor decisions.

”Driven by fear, they may sell too hastily when share prices drop. Driven by greed, they may be overenthusiastic,” the announcement said.

The EmoBracelet and another device, an EmoBowl, use electrical displays to show a person’s emotional intensity. The two items were designed to warn traders to step back and take a breather by alerting them to their heightened emotional state.

As a wearer’s emotions grow more intense, lights flicker faster on the bracelet and the colours inside the bowl change from a soft yellow to orange to a deep cautionary red.

Nice idea, guys, but I have to say that I’m not sure the EmoBracelet is going to prevent traders doing dumb things. After all, most of the folk I’ve worked with who were prone to agitation or emotional overinvolvement with their work would react rather badly to having their “heightened mental state” pointed out… and some of them would probably carry on pushing the envelope just to prove how on top of things they really were (in their minds, at least).

A version of the EmoBracelet that injected the trader with a hugely powerful soporific at the pertinent moment might be a little more useful, however… [story via Technovelgy; image by McWilliams Graphics]


NEW FICTION: A PROGRAMMATIC APPROACH TO PERFECT HAPPINESS by Tim Pratt

Paul Raven @ 01-04-2009

I can’t tell you how proud I am to be introducing a story by Tim Pratt at Futurismic. Seriously; this isn’t a man short of professional venues for his wide-ranging fictional output, but he tells us he’s been keen to sell us a story for some time now, and “A Programmatic Approach to Perfect Happiness” rang Chris’s editorial bell in just the right way. It’s something a little different to our usual house style: a little Gonzo, a little retro, but all Tim Pratt. I hope you enjoy it!

A Programmatic Approach to Perfect Happiness

by Tim Pratt

My step-daughter Wynter, who is regrettably prejudiced against robots and those who love us, comes floating through the door in a metaphorical cloud of glitter instead of her customary figurative cloud of gloom. She enters the kitchen, rises up on the toes of her black spike-heeled boots, wraps her leather-braceleted arms around my neck, and places a kiss on my cheek, leaving behind a smear of black lipstick on my artificial skin and a whiff of white make-up in my artificial nose. “Hi Kirby,” she says, voice all bubbles and light, when normally she would never deign to utter my personal designation. “Is Moms around? Haven’t talked to her in a million.”

I know right away that Wynter has been infected.

I carefully lay my spatula aside. “Your mother is… indisposed.”

She rolls her eyes. “Whatever makes you two happy.” She flounces off toward her bedroom, the black-painted shadowy forbidden portion of our home that my wife April calls “the tumor.”

I go to our bedroom door, push it open gently, and say, “Darling, your post-coital brunch is ready, and I believe Wynter has been infected by the H7P4 strain.”

A groan emerges from the pile of blankets, straps, and oddly-angled cushions that constitutes our bed. “Oh, god. Which one is that again?”

“The one that makes you happy,” I say, and close the door on April’s sardonic laughter. Continue reading “NEW FICTION: A PROGRAMMATIC APPROACH TO PERFECT HAPPINESS by Tim Pratt”


Writing a diary makes you happier

Paul Raven @ 16-02-2009

hand-written journalBrain scans suggest that daily writing about your emotions can help you feel better about things; writing by hand is apparently more effective than typing:

The psychologists investigated the effect by inviting volunteers to visit the lab for a brain scan before asking them to write for 20 minutes a day for four consecutive days. Half of the participants wrote about a recent emotional experience, while the other half wrote about a neutral experience.

Those who wrote about an emotional experience showed more activity in part of the brain called the right ventrolateral prefrontal cortex, which in turn dampened down neural activity linked to strong emotional feelings.

If pouring your heart into dreadful poetry and song lyrics really is an emotionally beneficial outlet, does it then follow that MySpace deserves some sort of award for keeping teenagers from committing suicide? [image by Boa-sorte&Careca]