Research Provides Insight Into Irrational Decision Making During Crashes And Bubbles

When City traders have high morning testosterone levels they make more than average profits for the rest of that day, researchers at the University of Cambridge have discovered.The scientists hypothesize that this may be because testosterone has been found to increase confidence and appetite for risk - qualities that would augment the performance of any trader who had a positive expected return.

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Filed under: Endocrinology on April 17th, 2008