Endogenous steroids and financial risk taking on a London trading floor (PNAS) — We found that a trader’s morning testosterone level predicts his day’s profitability. We also found that a trader’s cortisol rises with both the variance of his trading results and the volatility of the market. Our results suggest that higher testosterone may contribute to economic return, whereas cortisol is increased by risk. Our results point to a further possibility: testosterone and cortisol are known to have cognitive and behavioral effects, so if the acutely elevated steroids we observed were to persist or increase as volatility rises, they may shift risk preferences and even affect a trader’s ability to engage in rational choice.
The Origin of Universal Scaling Laws in Biology — eye-opening paper that blew my mind. Highlight of Sci Foo was meeting the author and shaking his hand. Relates metabolic rate, size, heart rate, and lifespan by applying physics to biology.
Ushahidi — open source software for managing disasters. The Ushahidi Engine is a platform that allows anyone to gather distributed data via SMS, email or web and visualize it on a map or timeline. Our goal is to create the simplest way of aggregating information from the public for use in crisis response.