"'Financial gain actually has some of the same effect on your brain as cocaine,' says Andrew W. Lo, an economist at the Massachusetts Institute of Technology. 'You're in a kind of stupor; you're feeling no pain.'
"He's not kidding. To quote one of his papers: 'The same neural circuitry that responds to cocaine, food and sex--the mesolimbic dopamine reward system that releases dopamine in the nucleus accumbens--has been shown to be activated by monetary gain as well.'"
In the Los Angeles Times, Doyle McManus explores how behavioral economists view the recession.
Tuesday, May 19, 2009
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