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it's a question of testerone. women don't have. that's it. Endogenous steroids and financial risk taking on a London trading floor

An educated quantitative opinion on females and testosterone.What are nice girls?I would take particular note of the contributions from farmer and Hamilton.

QuoteOriginally posted by: hamsterit's a question of testerone. women don't have. that's it. Endogenous steroids and financial risk taking on a London trading floorI would anticipate a Swedish prize on the basis of that paper too!Abstract:"Little is known about the role of the endocrine system in financial risk taking. Here, we report the findings of a study in which we sampled, under real working conditions, endogenous steroids from a group of male traders in the City of London. We found that a trader's morning testosterone level predicts his day's profitability. We also found that a trader's cortisol rises with both the variance of his trading results and the volatility of the market. Our results suggest that higher testosterone may contribute to economic return, whereas cortisol is increased by risk. Our results point to a further possibility: testosterone and cortisol are known to have cognitive and behavioral effects, so if the acutely elevated steroids we observed were to persist or increase as volatility rises, they may shift risk preferences and even affect a trader's ability to engage in rational choice."

QuoteOriginally posted by: mackbarQuoteOriginally posted by: hamsterit's a question of testerone. women don't have. that's it. Endogenous steroids and financial risk taking on a London trading floorI would anticipate a Swedish prize on the basis of that paper too!Abstract:"Little is known about the role of the endocrine system in financial risk taking. Here, we report the findings of a study in which we sampled, under real working conditions, endogenous steroids from a group of male traders in the City of London. We found that a trader's morning testosterone level predicts his day's profitability. We also found that a trader's cortisol rises with both the variance of his trading results and the volatility of the market. Our results suggest that higher testosterone may contribute to economic return, whereas cortisol is increased by risk. Our results point to a further possibility: testosterone and cortisol are known to have cognitive and behavioral effects, so if the acutely elevated steroids we observed were to persist or increase as volatility rises, they may shift risk preferences and even affect a trader's ability to engage in rational choice."it is even easier to predict when the Golden Rabbitfish is most profitable, just follow the clock of the endocrine system.Golden RabittGolden Rabbitfish

Should Traders Take Female Hormones? "But too much testosterone can lead to a buildup of dangerous bubbles, argues John Coates, one of the study's authors and a former Wall St. trader." So now when the bubble is bursting the testosterone is potentially also falling ? I guess so, except for option traders with long tail bias

Look at that Rabbitfish!