Emotions interfere with investing decisions more than we thought

The stereotype of a high-rolling Wall Street trader is a young, aggressive man oozing with testosterone-fuelled confidence and the nerve to take big risks. In fact, financial professionals are known to widely use testosterone supplements in hopes of honing their competitive edge, says Amos Nadler, an assistant professor of finance at Western University. So Nadler, who specializes in neuroeconomics, an emerging branch of behavioural economics that blends science and economic theory, set out to isolate the effects of testosterone. ….[READ]