Traders' hormones' may destabilize financial markets
The hormones testosterone and cortisol may destabilise financial markets by making traders take more risks, according to a study.
Researchers simulated the trading floor in the lab by having volunteers buy and sell assets among themselves. They measured the volunteers' natural hormone levels in one experiment and artificially raised them in another.
When given doses of either hormone, the volunteers invested more in risky assets.
The researchers think the stressful and competitive environment of financial markets may promote high levels of cortisol and testosterone ...






