Financial market traders and keen gamblers take note. Scientists have
 found that a chemical in the region of the brain involved in sensory 
and reward systems is crucial to whether people simply brush off the 
pain of financial losses.
            Scientists say the study points the way to the possible 
development of drugs to treat problem gamblers and sheds light on what 
may have been going on in the brains of Wall Street and City of London 
traders as the 2008 financial crisis took hold.
            "Pathological gambling that happens at regular casinos is
 bad enough, but I think it's also happening a lot now at Casino Wall 
Street and Casino City of London," said Julio Licinio, editor of the 
Molecular Psychiatry journal which reviewed and published the brain 
study on Tuesday.
                
            "We like to believe we all have free will and make 
whatever decisions we want to, but this shows it's not so easy," he said
 in a telephone interview. "Many people have a predisposure to make 
certain kinds of decisions."
            For the study, a team of researchers led by Hidehiko 
Takahashi of the Kyoto University graduate school of medicine in Japan, 
scanned the brains of 19 healthy men with positron emission tomography 
(PET) scans after they had completed a gambling task.
            Loss aversion
The experiment showed 
that a neurotransmitter, or chemical messenger, called norepinephrine, 
or noradrenaline, is central to the response to losing money.
            Those with low levels of norepinephrine transporters had 
higher levels of the chemical in a crucial part of their brain - leading
 them to be less aroused by and less sensitive to the pain of losing 
money, the researchers found.
            People with higher levels of transporters and therefore 
lower levels of norepinephrine or noradrenaline have what is known as 
"loss aversion," where they have a more pronounced emotional response to
 losses compared to gains.
            Loss aversion can vary widely between people, the 
researchers explained. While most people would only enter a two outcome 
gamble if it were possible to win more than they could lose, people with
 impaired decision making show reduced sensitivity to financial loss.
            "This research uses sophisticated brain scanning to 
improve our understanding of the way that our appetite for risk is 
linked to the way that chemical messengers operate in the brain," said 
Derek Hill, a professor of medical imaging science at University College
 London who was not involved in the research but intrigued by its 
findings.
            "It is quite preliminary work, but has many intriguing 
implications," he said, adding this sort of imaging could in future be 
used to help test drugs to treat people who indulge excessively in risky
 behaviour.
            Alexis Bailey, a lecturer in neuropharmacology at 
Britain's University of Surrey, said scientists now need to analyze 
known pathological gamblers to confirm whether they have higher levels 
of these brain chemical transporters than non-gamblers.
            "Also there is a need to investigate if noradrenaline 
transporters are also increased in brain regions traditionally 
associated with decision making and emotional aspects of aversion such 
as the prefrontal cortex and amygdala," he said.
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