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monday, july 28, 2014 9:37 pm zst

carving reality at the joints

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Put the Psychopaths in Charge

Being a psychopath may not be all that bad--some of the best market investors, company chiefs and top lawyers may be a little--er...nuts: Psychopaths could be best financial traders?

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

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."

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."

The study, published in June in the journal Psychological Science, was conducted by a team of researchers from Stanford University, Carnegie Mellon University, and the University of Iowa.

Posted by zorkmidden on Sep 19, 2005 8:40 pm

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[ #6 ]/ zorkmidden: Especially with an umlaut--Fürpig. Gives it more umph.
[ #4 ]/ franco cbi ' Given that he's named after a Truffle, "pig" is
[ #3 ]/ packen: That's fantastic! I'm so glad!
[ #1 ]/ packen: Me too. And I miss it so, I hate being forced to drive to get
[ #3 ]/ franco cbi: LOL, too me a moment.
William Howard Kuntsler, a critic of modern cities who has written several articles for _ The Atlantic _ , notes
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In Washington DC the only areas that come close to this ideal are Georgetown and Old Town Alexandria, and even
Given that he's named after a Truffle, "pig" is appropriate. :) Congratulations on your loss of weight, Packen!
zorkie, thank you so much for inspiring me. I can now fit into clothes I haven't worn in years and
Great article. I can so relate to it growing up in a traditional city.
I have two Deutsche Pelzig Faul Schweinhundinnen.
Furpig is Tartuffo's new name now.
And by that, I don't mean "exposing" it. I mean not-so-subtly _ endorsing _ it.
[ #25 ]/ common help Lulli I searched you onfb and could not reach you
[ #2 ]/ Thousand Sons: I loved that book!
I've wanted to see Sana'a ever since I read 'Motoring with Mohammed' years ago.
The turban makes me think of [ _ The Streets Of Cairo _ ]/ (skip to 10:03-13).
' Sana’a is so strange and marvelous. If Yemen weren't in permanent crisis, the city would be awash in
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[ #12 ]/ packen: LMAO.
[ #58 ]/ packen Quick update: Nine pounds lost after two weeks--not too shabby. Can see
[ #10 ]/ franco cbi: No need to bother, they are all saying how happy they are to hear
[ #59 ]/ franco cbi but I'm under 180 lbs So am I! For the first

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