For subscribers
Stock traders lost much of their swagger after Covid-19
A New York Fed study finds that due to the pandemic, the trading community no longer has the psychic strength to make fearless bets. This may fundamentally alter markets as we know them.
Sign up now: Get ST's newsletters delivered to your inbox
The New York Fed study found traders score higher on agreeableness than a control group of students.
PHOTO: EPA-EFE
Aaron Brown
Follow topic:
In December, a team of researchers from the Federal Reserve Bank of New York, the University of Southern California and University College London published a study of what cognitive skills make successful traders.
They are back with a look at non-cognitive skills such as agreeableness and conscientiousness. This time, their focus is not on what distinguishes traders from everyone else, but how personalities of traders and non-traders changed due to the pandemic.
