Monday, September 19, 2005

New study shows....

functional psychopaths are the best financial traders. Here comes the chianti.

A team of U.S. scientists has found the emotionally impaired are more willing to gamble for high stakes and that people with brain damage may make good financial decisions, the Times newspaper reported on Monday. In a study of investors' behaviour 41 people with normal IQs were asked to play a simple investment game. Fifteen of the group had suffered lesions on the areas of the brain that affect emotions. The result was those with brain damage outperformed those without. The scientists found emotions led some of the group to avoid risks even when the potential benefits far outweighed the losses, a phenomenon known as myopic loss aversion. One of the researchers, Antione Bechara, an associate professor of neurology at the University of Iowa, said the best stock market investors might plausibly be called "functional psychopaths." Fellow author, Baba Shiv of Stanford Graduate School of Business said many company chiefs and top lawyers may also show they share the same trait. "Emotions serve an adaptive role in speeding up the decision-making process," said Shiv. "However, there are circumstances in which a naturally occurring emotional response must be inhibited, so that a deliberate and potentially wiser decision can be made."

2 Comments:

At 9/19/2005 01:02:00 PM, Blogger ambrus said...

hi, I just stumbled across your blog and I really like your writing. Do you mind if I add you to my link section?

 
At 9/19/2005 10:07:00 PM, Blogger Nippons Boy said...

Hey.. go for it.. it's not like I can stop you anyway. Even so, I am all for having more readers. I wouldn't write on this thingy if their weren't at least one or two people reading it.

 

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