Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (33863)	6/13/2003 1:48:26 AM
From: Sultan	Read Replies (1) \| Respond to of 118717

Emotional Part of Brain Can Make Bad Money Choices Thu June 12, 2003 05:36 PM ET By Linda Carroll NEW YORK (Reuters Health) - Using results from brain scans, researchers have found that people will act against their own financial self-interest if the emotional part of the brain overcomes the rational part. Annoyed at unfair offers in a game called the "Ultimatum Game," people will forgo financial gain just to spite other players. And an emotion-linked part of the brain appears to be quite active when they make these bad money decisions, according to findings published Thursday in the journal Science. The "Ultimatum Game" is played by two people, the study's lead author, Alan G. Sanfey of Princeton University in New Jersey, explained in an interview with Reuters Health. "It's a surprisingly simple game," Sanfey said. "The people come in and are told that they will play one round with another person. So they get a one-shot interaction." The goal of that interaction, is to divide up a sum of money -- in this case $10, Sanfey said. One player proposes how to divide the money up. The other has to make the decision to accept the offer or reject it. Contd.... reuters.com