Psychopaths = best financial traders?

Discussion in 'Bizarre and Off-Beat News' started by Casshew, Sep 21, 2005.

  1. Casshew

    Casshew Former Member

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    "Wanted: psychopaths to make a killing in the markets."

    [​IMG]
    Such an advert will not be appearing in the world's newspapers any time soon, but it may have a ring of truth after research revealed 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.

    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."


    http://news.yahoo.com/s/nm/20050919/od_nm/traders_dc
     
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  3. kgeaux

    kgeaux New Member

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    Now that IS interesting!! It does make perfect sense once you think of it. I wonder what other careers would be good for psychopaths? Insurance agents? Like the ones that are denying claims for the devastated New Orleans/Mississippi residents? Maybe HMO leaders? Government positions?

    This is really interesting.
     
  4. fivekidz4me

    fivekidz4me New Member

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    I think the people who lack empathy seem to do well in certain positions...well for their careers at least...maybe those areas of the brain afftected that area of empathy?
     
  5. CyberLaw

    CyberLaw Former Member

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    Politicians - it is like a pre-requisite for a particular political party.........and a particular political "leader".
     
  6. lex

    lex Former Member

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    hi kgeaux! :D i wonder how they do at the black jack table? maybe i should take one along next time i go to vegas.

    cyberlaw, you got that right! :D
     

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