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February 7, 2008
Trading Is Like Sex and Drugs
It's official, we're all trading junkies. The New York Times reports:
It is easy to dismiss Jérôme Kerviel, the rogue trader at Société Générale, as a fluke.
So here is a sobering thought for Wall Street: There may be a bit of Mr. Kerviel in all of us.
A small group of scientists, including some psychologists, say they are starting to discover what many Wall Street professionals have long suspected — that people are hard-wired for money. The human brain, these researchers say, responds to high-stakes trading just as it does to the lure of sex. And the riskier the trades get, the more the brain craves them.
If trading is like sex, then think of Crossing Wall Street as your friend with benefits.
Posted by edelfenbein at February 7, 2008 12:15 PM
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