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Thu 22 Sep, 2005 10:10 am
Doubting between Science, Finance and Human Interest ...
Investing? Smart money says follow a psychopath
Quote:"Functional psychopaths" make the best investment decisions because they can't experience emotions such as fear, a study by researchers at Stanford Graduate School of Business showed.
Fear stops people from taking even logical risks, meaning those who have suffered damage to areas of the brain affecting emotions and can suppress feeling make better decisions, the report showed. The ability to control emotion helps performance in business and the financial markets, the researchers found.
"Many CEOs and many top lawyers might also share this trait," Antoine Bechara, a professor of neurology at the University of Iowa, said in a statement on the Stanford Graduate School of Business Web site. The study was carried out by Stanford, Carnegie Mellon University and the University of Iowa.
The 41 participants in the study were given $20 to play a gambling game. At the beginning of every round, they had to decide whether to risk a $1 stake on a toss of the coin, for a $2.50 return if they won. While any player could decline to take part in a round, the financially "logical" approach to the game was to participate at each stage because the "potential return" outweighed the risk of loss, according to the research.
Fifteen of the players had suffered damage to the areas of the brain that affect emotions. They finished on average $3 richer than the others and invested in 84 percent of the rounds, compared with 58 percent played by the rest, who let "fear" govern their decisions, the study showed.
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so this is why the Bush Die-Nasty has done so well. Glad it has been explained finally! no frontal lobes in the bush family tree.....
You know, I had a friend once who I was convinced had no emotions. He really could have been a psychopath if he had just applied himself. Anyway...this guy had no fear of going broke, and ended up starting two or three businesses without ANY experience to back him up. The first business went belly-up, but eventually he succeeded and was rich. But the thing was he didn't, and still doesn't, care if he's rich or poor, or if he lives in a mansion or a shack. He actually still lives in a crappy house, even though he can afford a lot more. Plus, he was a complete nut, but he could get women...but I digress.
Yep, not being fearful is good for most things. Not having any stake in the outcome is the best way to achieve this. If you don't care, you will always win in money, business, and love.
kickycan wrote:Yep, not being fearful is good for most things. Not having any stake in the outcome is the best way to achieve this. If you don't care, you will always win in money, business, and love.
Hmm, sounds kind of
psychic. You think this sort of thing really works?
You would think experience would win the day.....