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The paper examines the management of traders in financial markets from the perspectives of agency and prospect theory. Using interview data from a sample of traders and managers in four investment banks, the paper argues that managers focus on avoiding losses rather than making gains. This focus emerges from the characteristics of managers and the nature of(More)
This paper studies workers' lives in modern Britain. It uses longitudinal data to examine stress and job satisfaction through the decade of the 1990s. The results are disturbing. On both measures, the wellbeing of British public sector workers worsened sharply over the decade. The size of the deterioration was between one half point and one full point on a(More)
Theories about trading in financial markets are well developed and practically influential. However, traders' behaviour within these markets appears to deviate substantially from that predicted by theory. Using data from a study of traders within financial markets in London, this article seeks to document this apparent paradox and assess its implications.(More)
T he richness of the career field is astonishing , as this volume testifies. Indeed, many contributors point out that there is much more out there that we could be writing about and researching. Casting one's mind back a few decades to the first collected volumes of writings on careers, one is struck by the contrast—then the field was dominated by a few(More)
Copyright and Moral Rights for the articles on this site are retained by the individual authors and/or other copyright owners. For more information on Open Research Online's data policy on reuse of materials please consult the policies page. to the Stream; Risk and Regulation; Relationships, Dynamics and Rationales Within and Between Organisations; we are(More)
Many studies have shown that people display an apparent overcon…dence. In particular , it is common for a majority of people to describe themselves as better than average. The literature takes for granted that this better-than-average e¤ect is problematic. We argue, however, that, even accepting these studies completely on their own terms, there is nothing(More)