In Excess

Gambling, Gaming and Extreme Behavior

On the Trading Flaw

Back in November 2012, British news was dominated by the story that British city trader Kweku Adoboli had been jailed for seven years after he defrauded £1.4bn while day trading at the Swiss bank UBS. But is day trading another form of gambling and can it be addictive? Read More

What is a trader?

In the United States, back in the late 1700s and early 1800s there were many seaman that operated as pirates. Their chosen career was quite lucrative, and they would invest their profits into respectable legal endeavors like landholdings and banking. Localities were thrilled with the influx of much-needed funds and tax base, nobody dared insult these newly respected businessmen by calling them pirates. A more sanitized name was found: Merchant traders.

When someone claims they are a "trader" people need to think about what they have that is so valuable to trade. Often it is nothing.

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Dr. Mark Griffiths is a Chartered Psychologist and Director of the International Gaming Research Unit in the Psychology Division at Nottingham Trent University (UK).

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