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The hour between dog and wolf
Cambridge Judge Business School Discussions on Finance
English - July 03, 2012 13:27 - 10 minutes - 9.37 MBBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Young male city traders on a winning streak shift their risk preferences and take on too much risk. When they lose money in a volatile market, their hormonal response drives the financial community to being risk averse. Dr John Coates explains "We've been trying to identify the molecules and nervous pathways in the body that contribute to this transformation, that would account for shifts in risk preferences which we think destabilise the financial markets."