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Hugh Son: Wall Street wants to hack into traders' emotions

A simulation programme is probing if top performers can be identified based on how they respond to market volatility

Hugh Son 

Hugh Son Thetraderwasindeeptrouble.AmillennialwhohadonlyrecentlybeenallowedtosetfootonaWallStreetfloor,hemadebadbets,andinapanictorecouphislosses,he'dblownthroughrisklimits,losing$4.9millioninasingleafternoon. Itwasn'tacareer-endingday.ThetraderwastakingpartinasimulationrunbyAndrewLo,anMITfinanceprofessor.Thegoal:findoutiftopperformerscanbeidentifiedbasedonhowtheyrespondtomarketvolatility.LohadbeeninvitedintotheNewYork-basedglobalinvestmentbank-hewouldn'tsaywhichone-aftergivingatalkto ...

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First Published: Thu, September 01 2016. 21:44 IST
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