Thursday, May 3, 2007

Why losing money may be more painful than you think

"The reward and defensive systems relating to financial loss were very similar to motivational systems previously identified in rats"

"About 4% of Wall Street Bonuses Will Go to Charity" Chronicle of Philanthropy

"This ability is guided by a 'prediction error', whereby the brain learns to make predictions based on previous mistakes."

"UBS is closing its fund, Dillon Read Capital Management"
New York Mag.

From the Wellcome Trust