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Publications

Key Publications

Gut Feelings and the Market. Interoceptive Ability Predicts Survival on a London Trading Floor. Scientific Reports, Sept 2016.  http://www.nature.com/articles/srep32986

Cortisol shifts financial risk preferences. Proceedings of the National Academy of Sciences, 2014http://www.pnas.org/content/early/2014/02/13/1317908111.full.pdf+html

Endogenous steroids and financial risk taking on a London trading floor. Proceedings of the National Academy of Sciences U S A, 2008.
http://www.pnas.org/content/105/16/6167.full.pdf+html?sid=923de3de-1794-448b-be58-5019925c299b

The Biology of Risk. New York Times, June 6, 2014. http://www.nytimes.com/2014/06/08/opinion/sunday/the-biology-of-risk.html?ref=opinion

 

Coates J M, Gurnell M, Sarnyai Z (2010), “From molecule to market: steroid hormones and financial risk-taking.”Philosophical Transactions Royal Society B, Biological Sciences, 365:331-43. 
http://rstb.royalsocietypublishing.org/content/365/1538/331.full.pdf+html

Coates J M, Gurnell M, Rustichini A (2009), “Second-to-fourth digit ratio predicts success among high-frequency financial traders.” Proceedings of the National Academy of Sciences U S A, 106: 623–628.
http://www.pnas.org/content/106/2/623.full.pdf+html?sid=923de3de-1794-448b-be58-5019925c299b

Coates J M, Page L (2009), “A note on trader Sharpe ratios.” PLoS One 4: 8036.http://www.plosone.org/article/info:doi/10.1371/journal.pone.0008036

Page L, Coates J (submitted), “The winner effect in human behaviour: quasi-experimental evidence from tennis matches”.

Coates J M (forthcoming) “Keynes and the instability of personal consumption between the Wars.”

Coates J M, (1996) “The Claims of Common Sense”  Cambridge University Press.

 

OP-ED Articles

Banks Should Train Their Traders Like Olympic Athletes. Financial Times, July 6, 2012
http://www.ft.com/cms/s/0/9540a99c-c694-11e1-963a-00144feabdc0.html#axzz1zkK9jC3j

The Anatomy of a Large Trading Loss. Time Magazine, June, 21, 2012
http://ideas.time.com/2012/06/21/the-anatomy-of-a-huge-trading-loss/

The Biology of Boom and Bust. New York Times, June 10, 2012
http://www.nytimes.com/2012/06/10/opinion/sunday/the-biology-of-bubble-and-crash.html?_r=1&ref=opinion

Trader Sharpe ratios, Financial Times, Nov 25, 2009
http://www.ft.com/cms/s/0/59610ec2-d933-11de-b2d5-00144feabdc0.html

A tale of two traders, Financial Times, May 4, 2009
http://www.ft.com/cms/s/0/a681ee7e-38a2-11de-8cfe-00144feabdc0.html

Key to success lies in the womb, Financial Times, Jan 12, 2009
http://www.ft.com/cms/s/0/6c933c86-e0af-11dd-b0e8-000077b07658.html

Traders should track their hormones, Financial Times, April 14, 2008
http://www.ft.com/cms/s/0/9973fb0a-0a1d-11dd-b5b1-0000779fd2ac.html