Fernando Patterson

TL;DR: It is found that in a competitive environment, testosterone level increases significantly, leading to greater risk‐taking than in noncompetitive environment, and the importance of the endocrine system on financial decision‐making is underscored.

TL;DR: The authors examined a range of mental health characteristics (e.g. depression, paranoia, and schizophrenia) in subjects engaged in simulated investment trading, showing that certain abnormal personality characteristics have a statistically significant association with the degree of investment diversification, the return achieved, and degree of risk undertaken, and the resultant risk adjusted performance.

TL;DR: This paper examined the recency bias and overreaction in the NFL betting market from 2003 to 2017 and found that bettors are more likely to bet on teams who have won previous outcomes.

TL;DR: In this article, the relationship between body mass index (BMI), health habits, and financial risk and time preferences was examined using a sample of 128 undergraduate business students, and they found that participants with higher BMI exhibit greater utility function curvature, greater loss aversion, and greater inability to delay gratification.

TL;DR: The results show that the endocrine system plays a significant role during financial decision-making, which has important consequences for the financial industry.