Speeding Tickets = Risky Trading?
It's true, according to Finnish researchers who have compared a speeding ticket database with that of all the trading portfolios in Finnish households. From the Consumerist:
Their findings suggest that for these speeders, a sensible long-term investment strategy simply isn't interesting enough for them. They crave the thrill and excitement of churning over their investments more frequently. Each successive speeding ticket and investor received correlated to an 11 percent increase in their portfolio turnover.
According to the findings, people sporting sensation seeking traits can generate behaviors including risky sexual behavior, frequent career changes, drug and alcohol abuse, gambling, and participation in extreme types of sports like bungee jumping or sky diving. Which kind of implies that speedy motorists—at least in Finland—may be of greater risk to insurers than originally thought. :)
