4 ms·
This is a good point--I remember even the online game "Runescape" had a warning that would pop up if you tried to sell an item worth X for a very low price. It
by barsonme 10y ago
This is a good point--I remember even the online game "Runescape" had a warning that would pop up if you tried to sell an item worth X for a very low price.
It would seem to me (somebody who knows squat about stock trading) that a warning screen would be much more beneficial for stock trading software than it is for an online video game.
- Karunamon 10y agoYou'd think that, but then what happens is users get used to the warnings coming up and consciously/unconsciously adjust to click by it without reading. I'd imagine in the case of the stock trader, where quick reaction is valued, he'd have quickly entered whatever key combo is necessary to dismiss it the warning and made the same mistake.
- cortesoft 10y agohttps://en.wikipedia.org/wiki/Alarm_fatigue https://en.wikipedia.org/wiki/Alarm_fatigue
- laughinghan 10y agoOnly if the warnings come up too often. I imagine it should be quite possible to define criteria that discriminate selling shares at a price of 0.0000016 yen from normal prices, by comparing with the market price, or the range of prices ever seen by the software, for example. Alarm fatigue is an important design consideration, but not a reason to not put warnings at all (given that this isn't amenable to an "Undo" button, which is preferable when possible).
- TuringNYC 10y agoAlarm fatigue is indeed an issue -- but if the trader is repeatedly trying to sell for way below market price that often, then perhaps there is a much bigger problem...with the trader.