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The neuroscience of money: finding how traders tick. (2010)

“A fascinating overview of some of the most interesting research of the last few years into the neuroscience of money and the impact genetics, neurology, physics and biology might have on financial behavior

Michael Dumiak,
American Banker, 1 February 2010

“In universities and research labs throughout the world, researchers are examining the impact genetics, neurology, physics and biology might have on financial behavior. Overall, this germinal body of research – some of it bank-funded – could influence everything from risk management to pay incentives. (One study prompted the suggestion, cheekily or not, to send home traders in the morning if their testosterone levels aren’t high enough.) It is also likely to be of interest to policymakers chiefly concerned with averting another financial crisis.”

Dumiak provides a fascinating overview of some of the most interesting research of the last few years into the neuroscience of money.

For the full article, visit The neuroscience of money

For information on the papers and authors mentioned in the article visit:

Camelia Kuhnen & Brian Knutson. The influence of affect on beliefs, preferences, and financial decisions.

Amir Barnea, Henrik Cronqvist & Stephan Siegel. Nature or nurture: what determines investor behaviour?

Camelia M. Kuhnen & Joan Y. Chiao. Genetic determinants of financial risk taking.

Camelia M. Kuhnen & Brian Knutson. The neural basis of financial risk taking.

Brian E. Roe, Michael R. Tilley, Howard H. Gu, David Q. Beversdorf, Wolfgang Sadee, Timothy C. Haab & Audrey C. Papp. Financial and psychological risk attitudes associated with two single nucleotide polymorphisms in the nicotine receptor (CHRNA4) gene

Coates J M, Herbert J (2008), “Endogenous steroids and financial risk taking on a London trading floor.”

Coates J M; Traders’ brains: rogue hormones.

John M. Coates: home page

Andrew Lo & Dmitry V. Repin. The psychophysiology of real-time financial risk processing. Journal of Cognitive Neuroscience 2002; 14: 323-339.

 

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