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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 The trader was in deep trouble. A millennial who had only recently been allowed to set foot on a Wall Street floor, he made bad bets, and in a panic to recoup his losses, he'd blown through risk limits, losing $4.9 million in a single afternoon. It wasn't a career-ending day. The trader was taking part in a simulation run by Andrew Lo, an MIT finance professor. The goal: find out if top performers can be identified based on how they respond to market volatility. Lo had been invited into the New York-based global investment bank - he wouldn't say which one - after giving a talk to ...

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