I would love to be a jerk!
Science proves why the best traders are jerks
Why is it that the banks that performed so well during the financial crisis—namely, JP Morgan Chase and Goldman Sachs—managed to become so vilified after the crisis? A new study in the journal Neuron suggests an answer, albeit in a roundabout way. The study by researchers from the University of Utah and the California Institute of Technology analyzed brain activity of volunteers as they traded shares within a mock-up of a financial market. What they found was that something that is very helpful in most situations—the ability to take into account the intentions of others—winds up being dangerous in complex ... (full story)