Getting in sync with IM proves profitable for investors

Friday, March 18, 2011 - 06:01 in Psychology & Sociology

(PhysOrg.com) -- New research suggests that stock market day traders are more successful when they get in sync with their colleagues via IM, than are those who do not. This phenomenon, known as syncing, has long been known to exist in the wild kingdom; birds take flight together to avoid being singled out; cicadas chirp together for the same reason. But, until now, there was little concrete evidence to support the notion that syncing existed in people, though there has been some anecdotal evidence. Several years back, it was pointed out, for example, that averaging a crowd’s estimates to guess how many jawbreakers were in a jar, was far more reliable than picking just any one person to give it a try. And any musician can tell you that something just "happens" when players get in sync; something that doesn’t happen any other way.

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