Wall Street WARZONE
Wall Street’s Proprietary Secrets: How Behavioral Scientists Make Billions
by Paul B Farrell, JD, PhD
| Discuss | | 2/9/2010

Main Street can’t compete—the awesome Wall Street Machine is already using lucrative consulting contracts, grants, non-disclosure, non-compete and other iron-clad employment agreements to lock up the best’n'brightest talent in behavioral economics, behavioral finance, neuroeconomics, investment psychology, neuro-marketing, physics, computer science and other key areas of the neurosciences working in the leading academic research institutes, think-tanks and business. Wall Street has discovered that this talent can generate huge returns for them in the stock marketfor example, with financial innovations like securitizing subprime mortgages, collateralized debt obligations, HFTrading algorithms, etc—while helping Wall Street control the minds of Main Street masses. Wall Street’s War Machine needs a steady stream of new players, new weapons and new strategies in its arsenal, so recruiting has become as important for Wall Street as it is for a major league sports team signing stars. (More)