Interoception is the sensing of physiological signals originating inside the body, such as hunger, pain and heart rate. People with greater sensitivity to interoceptive signals, as measured by, for example, tests of heart beat detection, perform better in laboratory studies of risky decision-making. However, there has been little field work to determine if interoceptive sensitivity contributes to success in real-world, high-stakes risk taking. Here, we report on a study in which we quantified heartbeat detection skills in a group of financial traders working on a London trading floor. We found that traders are better able to perceive their own heartbeats than matched controls from the non-trading population. Moreover, the interoceptive ability of traders predicted their relative profitability, and strikingly, how long they survived in the financial markets. Our results suggest that signals from the body - the gut feelings of financial lore - contribute to success in the markets.
This blog reports new ideas and work on mind, brain, behavior, psychology, and politics - as well as random curious stuff. (Try the Dynamic Views at top of right column.)
Thursday, November 24, 2016
Stock trading - gut feelings help with risky decisions.
I've done a number of posts describing studies trying to determine what characteristics might distinguish successful stock traders (enter 'traders' in the MindBlog search box.) Here is a further offering in this vein from Kandasamy et al. correlating interoceptive ability with survival on a London trading floor:
Blog Categories:
acting/choosing,
attention/perception,
emotion,
emotions
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