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High-stakes trading as an addiction
February 7, 2008 — 7:59am ET
Now this is interesting. The New York Times reports on the emergence of neurofinance as an academic pursuit that "combines psychology, neuroscience and economics, to examine how the brain makes decisions." One conclusion is that some people tend to crave the risk that high-stakes trading creates. The brain activity between trades is apparently the same as a drug addict between hits. So perhaps in the future, job interviews at Goldman Sachs or Morgan Stanley will include a brain image. What if some scientist is able to isolate the type of brain activity that results in the best decisions, the most money made. Sounds like a thriller.
For more:
- here's the article
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