Max, from the paper:
“We looked into the direction of the relationship between testosterone and P&L [profit & loss]. To do so, we analyzed a trader’s 11am testosterone levels and the P&L they made after this sampling time… On days of higher 11am testosterone, the traders made a P&L for the rest of the day that was significantly greater than on the lower testosterone days… Because the days of high 11am testosterone were different for each trader, thereby ruling out any general market effects on both testosterone and P&L, our results suggest that high morning testosterone predicts greater profitability for the rest of the day.”
I agree with Mitch’s point up above that more samplings at different time points would help to produce a more convincing analysis.
↧
By: Ed Yong
↧