Economists now know that psychologists know how to play the stock market better than economists do. So say three economists: Professor J?rg Oechssler of the University of Heidelberg and Dr. Andreas Roider and Dr. Matthias Drehmann of the Bank of England. They performed an experiment, the results of which are described in a January 10, 2006 Medical News Today report:
Psychologists, particularly, mistrusted those shares which they regarded as overvalued. This strategy benefited them enormously: on average they were markedly more successful in their speculation than physicists or mathematicians – or even economists….
(Thanks to investigator Kristine Danowski for bringing this to our attention.)