“We have this notion of rainy day blues that goes back for centuries, but there’s been little rigorous study, especially of large populations of professional individuals,” says Assistant Professor Joshua Madsen, who sought to understand how the weather can be impacting our mood, behaviors, and the stock market. “For me, it boils down to understanding that the world is all around us, it affects us, and that we don’t live in an isolated lab,” says Madsen. “We were able to identify at least one friction affecting the activities of these analysts and showed some possible ramifications for the stock market in terms of efficient prices as a consequence of this reduced activity by analysts.”
Madsen says simple awareness of this phenomenon can help the market and individuals operate more efficiently and effectively. He advises us all to be mindful of our own environment and mood, recognizing that it might have an effect on our work.
Read the full article at carlsonschool.umn.edu