J Cogn Neurosci. 2002 Apr 1;14(3):323-39.
The psychophysiology of real-time financial risk processing.
Lo AW, Repin DV.
MIT Sloan School of Management, 50 Memorial Drive, Cambridge, MA 02142, USA.
Fazit:
Die Ergebnisse dieser Studie zeigen eindrucksvoll, dass ein optimaler Umgang mit dem Stress/Energiesystem beim Verarbeiten von komplexen Informationen und Tätigen von Risikoinvestitionen unter Zeitdruck ein entscheidender Erfolgsfaktor ist. Hier die kurze Zusammenfassung der Studie im Orginal:
A longstanding controversy in economics and finance is whether financial markets are governed by rational forces or by emotional responses. We study the importance of emotion in the decision-making process of professional securities traders by measuring their physiological characteristics (e.g., skin conductance, blood volume, pulse, etc.) during live trading sessions while simultaneously capturing real-time prices from which market events can be detected. We find statistically significant differences in mean electrodermal responses during transient market events relative to no-event control periods, and statistically significant mean changes in cardiovascular variables during periods of heightened market volatility relative to normal-volatility control periods. We also observe significant differences in these physiological responses across the traders that may be systematically related to the traders' levels of experience. Our results indicate that emotion is a significant determinant of the evolutionary fitness and job performance of financial traders.
