2 ms·

If this is the case, why isn't there an example of a leading firm that only accepts women and old traders? This has been suggested many times before, but the l

by hueving 11y ago

If this is the case, why isn't there an example of a leading firm that only accepts women and old traders? This has been suggested many times before, but the loss of aggressiveness must cause some loss of competitive edge or else we would have real examples of it. Women have been trading for a long time, and there doesn't seem to be much evidence of them outperforming the men.

__z 11y ago
>why isn't there an example of a leading firm that only accepts women and old traders? Probably because that's illegal?
mistermann 11y ago
I think maybe what the authors are saying is that is unsettles the markets in the aggregate...more volatility, more bubbles and crashes, not necessarily that women are better traders. It would probably be worthwhile for someone to do a statistical study on the effect of gender on trading success, but I'm not sure if anyone's done that. I'd say it's worth doing, because from the hiring perspective, judging from the gender makeup of the "online trading" community and assuming that is representative of the academic community, the vast majority of hyper-immersed/kowledgeable people in the game are males. Whether they perform better on average than females, I wouldn't even hazard a guess.
- JesperRavn 11y ago
  If they were, that is extremely suspect, since you can't just create an accurate simulation of financial markets in a lab (while you can easily simulate the trading performance of an individual). Nonetheless, they have no finance people and one economist listed, and so it wouldn't surprise me if this is what they were trying to do.
  - mistermann 11y ago
    True, but it wouldn't be that difficult to just collect the "trading recommendations" of various people from brokerages, but then I'm sure all recommendations are done in a way that that is not possible. These aren't dumb people we're dealing with.
mehwoot 11y ago
Women have been trading for a long time, and there doesn't seem to be much evidence of them outperforming the men. http://www.economist.com/blogs/economist-explains/2014/01/economist-explains-20 http://www.economist.com/blogs/economist-explains/2014/01/ec... Cavets: this is investing, not trading, maybe that is a meaningful difference, maybe not. I have seen this reported a few places, but haven't really looked at the original studies myself.

by hueving 11y ago

__z 11y ago

>why isn't there an example of a leading firm that only accepts women and old traders? Probably because that's illegal?

mistermann 11y ago

I think maybe what the authors are saying is that is unsettles the markets in the aggregate...more volatility, more bubbles and crashes, not necessarily that women are better traders. It would probably be worthwhile for someone to do a statistical study on the effect of gender on trading success, but I'm not sure if anyone's done that. I'd say it's worth doing, because from the hiring perspective, judging from the gender makeup of the "online trading" community and assuming that is representative of the academic community, the vast majority of hyper-immersed/kowledgeable people in the game are males. Whether they perform better on average than females, I wouldn't even hazard a guess.

JesperRavn 11y ago
If they were, that is extremely suspect, since you can't just create an accurate simulation of financial markets in a lab (while you can easily simulate the trading performance of an individual). Nonetheless, they have no finance people and one economist listed, and so it wouldn't surprise me if this is what they were trying to do.
- mistermann 11y ago
  True, but it wouldn't be that difficult to just collect the "trading recommendations" of various people from brokerages, but then I'm sure all recommendations are done in a way that that is not possible. These aren't dumb people we're dealing with.

mehwoot 11y ago

Women have been trading for a long time, and there doesn't seem to be much evidence of them outperforming the men. http://www.economist.com/blogs/economist-explains/2014/01/economist-explains-20 http://www.economist.com/blogs/economist-explains/2014/01/ec... Cavets: this is investing, not trading, maybe that is a meaningful difference, maybe not. I have seen this reported a few places, but haven't really looked at the original studies myself.