Psychopaths Could be Best Financial Traders?
Wednesday, September 21, 2005
Research reveals that the best wheeler-dealers could well be "functional psychopaths." 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 Monday.In a study of investors' behavior 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.
This was because, 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.
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12:30 PM :: ::
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2 Comments:
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Sacrifising sanity to be good in handling finances? Hmm.. is that why loan sharks become loan sharks?
By P-Zan Leong, at Wednesday, September 21, 2005 10:29:00 PM -
it doesn't surprise me at all!!!
By nana, at Monday, September 26, 2005 7:49:00 AM
;)
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