Case 2 scientific investigation Essay Example | Topics and Well Written Essays - 250 words

Case 2 scientific investigation - Essay Examplew Lo and Dmitry Repin, the two scholars utilized psycho physiological equipment to evaluate life rate, skin conductance and blood pressure on traders executing real-time trading. Results showed that the experienced traders had a lower physiological reactivity to disturbing and abrupt information. Additionally, Oblechner (2004) discovered stimulated stability is equally important for a successful trader.Traders whose emotional reactions to losses and gains on the extreme positive or negative side show poor people trading performance meaning a negative relation between emotional reactivity and successful trading behavior. (Lo and Repin, 2005)Overconfident traders have a inclination of trading too frequently and appear to ignore danger signs concerning their positions. According to Biais et al., 2001, overconfidence is related to sub-par performance amongst traders in an experimental environment and that overconfident traders deterrent with underachieving stock for a long time and sell their winning stocks too early leading to underperformance in the market.Self-awareness is an increased consciousness of ones own emotional and sensible state. Traders who have self-awareness have logical reasoning behind all their behaviors and choices. Traders with self-awareness have a high emotional intelligence associated with long term success rate. (Biais et al,