Dopamine, Wall Street and the Financial Meltdown

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Dopamine, Wall Street and the Financial Meltdown

Neuroscientists have known for many years that the neurotransmitter dopamine plays a major role in drug addiction.
More recently, scientists have discovered that dopamine also plays a big part in basic risk-taking behavior.

For example, Time wrote in 2007:

Everyone can learn from their mistakes — but some people have genes that may make it harder. That's the message from German researchers, writing in tomorrow's issue of the journal Science, who have shown how a common gene variant affects some people's ability to respond to, and learn from, the negative repercussions of their actions...

Those men, it turns out, had a particular gene variant, or allele, that reduces the density of receptors for dopamine — a neurotransmitter that plays a key role in motivation, pleasure and addiction — in certain areas of the brain...

It's the first strong physiological evidence that the density of dopamine receptors may affect how people respond to negative inputs. Previous studies have established a strong link between a low density of dopamine receptors and addiction, obesity and compulsive gambling — conditions that suggest an impaired ability to learn from the consequences of bad decisions.

In 2008, Time noted:

A new study by researchers at Vanderbilt University in Nashville and Albert Einstein College of Medicine in New York City suggests a biological explanation for why certain people tend to live life on the edge — it involves the neurotransmitter dopamine, the brain's feel-good chemical...

Dopamine is responsible for making us feel satisfied after a filling meal, happy when our favorite football team wins, or really happy when we use stimulating drugs like amphetamines or cocaine, which can artificially squeeze more dopamine out of the nerve cells in our brain. It's also responsible for the high we feel when we do something daring, like skiing down a double black diamond slope or skydiving out of a plane. In the risk taker's brain, researchers report in the Journal of Neuroscience, there appear to be fewer dopamine-inhibiting receptors — meaning that daredevils' brains are more saturated with the chemical, predisposing them to keep taking risks and chasing the next high: driving too fast, drinking too much, overspending or even taking drugs.

David Zald, a professor of psychology and psychiatry at Vanderbilt, studied whether the brains of those thrill seekers differed in any way from those of the less adventuresome when it comes to dopamine. He gave 34 men and women a questionnaire to assess their novelty-seeking tendencies, then scanned their brains using a technique called positron emission tomography to figure out how many dopamine receptors the participants had. Zald and his team were on the lookout for a particular dopamine-regulating receptor, which monitors levels of the neurotransmitter and signals brain cells to stop churning it out when there's enough.

Earlier studies in rats had shown that animals that tend to explore and take more risks in new environments also tend to have fewer of these inhibitory receptors, and Zald wanted to find out if the same was true in people.

"This is one of those situations where the data came out essentially perfectly," he says. "The results were exactly as we predicted they would be, based on the animal data." That is, like the rats, humans who were more spontaneous and eager to take risks had fewer dopamine-regulating receptors than those who were more cautious.

The findings support Zald's theory that people who take risks get an unusually big hit of dopamine each time they have a novel experience, because their brains are not able to inhibit the neurotransmitter adequately. That blast makes them feel good, so they keep returning for the rush from similarly risky or new behaviors, just like the addict seeking the next high.

"This finding is really interesting," says Dr. Bruce Cohen, director of the Frazier Research Institute at McLean Hospital in Boston and a professor of psychiatry at Harvard Medical School. "It's a piece of the puzzle to understanding why we like novelty, and why we get addicted to substances ... Dopamine is an important piece of reward."

Vanderbilt has now taken this research a step forward. Specifically, Vanderbilt researchers have found that the brains of psychopaths have the dopamine abnormality creates a drive for rewards at any cost, and causing them to ignore risks.

As PhysOrg writes:
Abnormalities in how the nucleus accumbens, highlighted here, processes dopamine have been found in individuals with psychopathic traits and may be linked to violent, criminal behavior. Credit: Gregory R.Samanez-Larkin and Joshua W. Buckholtz
The brains of psychopaths appear to be wired to keep seeking a reward at any cost, new research from Vanderbilt University finds. The research uncovers the role of the brain's reward system in psychopathy and opens a new area of study for understanding what drives these individuals.

"This study underscores the importance of neurological research as it relates to behavior," Dr. Francis S. Collins, director of the National Institutes of Health, said. "The findings may help us find new ways to intervene before a personality trait becomes antisocial behavior."

The results were published March 14, 2010, in Nature Neuroscience.

"Psychopaths are often thought of as cold-blooded criminals who take what they want without thinking about consequences," Joshua Buckholtz, a graduate student in the Department of Psychology and lead author of the new study, said. "We found that a hyper-reactive dopamine reward system may be the foundation for some of the most problematic behaviors associated with psychopathy, such as violent crime, recidivism and substance abuse."

Previous research on psychopathy has focused on what these individuals lack—fear, empathy and interpersonal skills. The new research, however, examines what they have in abundance—impulsivity, heightened attraction to rewards and risk taking. Importantly, it is these latter traits that are most closely linked with the violent and criminal aspects of psychopathy.

"There has been a long tradition of research on psychopathy that has focused on the lack of sensitivity to punishment and a lack of fear, but those traits are not particularly good predictors of violence or criminal behavior," David Zald, associate professor of psychology and of psychiatry and co-author of the study, said. "Our data is suggesting that something might be happening on the other side of things. These individuals appear to have such a strong draw to reward—to the carrot—that it overwhelms the sense of risk or concern about the stick."

To examine the relationship between dopamine and psychopathy, the researchers used positron emission tomography, or PET, imaging of the brain to measure dopamine release, in concert with a functional magnetic imaging, or fMRI, probe of the brain's reward system.

"The really striking thing is with these two very different techniques we saw a very similar pattern—both were heightened in individuals with psychopathic traits," Zald said.

Study volunteers were given a personality test to determine their level of psychopathic traits. These traits exist on a spectrum, with violent criminals falling at the extreme end of the spectrum. However, a normally functioning person can also have the traits, which include manipulativeness, egocentricity, aggression and risk taking.

In the first portion of the experiment, the researchers gave the volunteers a dose of amphetamine, or speed, and then scanned their brains using PET to view dopamine release in response to the stimulant. Substance abuse has been shown in the past to be associated with alterations in dopamine responses. Psychopathy is strongly associated with substance abuse.

"Our hypothesis was that psychopathic traits are also linked to dysfunction in dopamine reward circuitry," Buckholtz said. "Consistent with what we thought, we found people with high levels of psychopathic traits had almost four times the amount of dopamine released in response to amphetamine."

In the second portion of the experiment, the research subjects were told they would receive a monetary reward for completing a simple task. Their brains were scanned with fMRI while they were performing the task. The researchers found in those individuals with elevated psychopathic traits the dopamine reward area of the brain, the nucleus accumbens, was much more active while they were anticipating the monetary reward than in the other volunteers.

"It may be that because of these exaggerated dopamine responses, once they focus on the chance to get a reward, psychopaths are unable to alter their attention until they get what they're after," Buckholtz said. Added Zald, "It's not just that they don't appreciate the potential threat, but that the anticipation or motivation for reward overwhelms those concerns."
Has anyone tested the heads of the too big to fails for this dopamine abnormality?

What are the odds that they have it? And if they have it, what are the odds that they will voluntarily start acting responsibly, especially given the broken incentive system?



Could some of these new ways of measuring dopamine levels be used to measure different approaches to sex?

And does the study clarify whether the gene expresses differently depending upon environment (excessive over-stimulation in the past, perhaps due to childhood trauma or ???) - or is strictly an inherited trait?

I wonder if

This might also explain why some people have more of a crash after orgasm than others. Maybe the reward center is inhibited more in some individuals.

I've been interested in the fact that some people appear to have headaches, and get depressed after an orgasm, while some like myself feel happy and content instead, and don't get depressed or headaches, etc.

From the article:

[quote]Earlier studies in rats had shown that animals that tend to explore and take more risks in new environments also tend to have fewer of these inhibitory receptors, and Zald wanted to find out if the same was true in people.[/quote]

What I'm wondering about based on the article is if people with more of these receptors which appear to inhibit the extreme release of dopamine might be why some have more of a crash than others, or some apparently very little.


interesting thought. Makes sense. There's definitely something going on with neurochemical balance in many people.

As I said, I always find these studies frustrating, because they imply that we're all hard-wired, and that that's the only factor making us vulnerable, when it may be that our own habits can modify our brains, too. Guess it doesn't long as we're mindful of the fact that we can RE-wire them. Wink

Psychopathy lacks a cure

This is a very interesting hypothesis, although psychopathy comprises a constellation of factors which together act as a high predictor for harmful behaviour ( Hence the widely recognised value of Hare's checklist) It classifies as a mental illness/impairment and is treated accordingly, at least over here. I don't believe a cure is sought so much as manageability.

If we go down the dopamine argument solely, but accept there is no cure, are we further down the scale effectively managing an inherent proclivity?

I feel I miss the big O ( day 10 and counting) because i miss the sensation but also that sense of a 'reward'.
This seems to fit in with the hypothesis.
An innate proclivity might be a comforting thought on the one hand, but do we reconcile to management rather than cure?



doesn't have to be a grim prospect. As the brain returns to balance, people report enjoying lots of other aspects (and even affection and sex) a lot more. This is the point that is often missed while dopamine dysregulation (or whatever constellation of imbalance applies) reigns.

management no cure

If there is a proclivity going by the hypothesis, then the only game in town then Marnia is management rather than cure?
This seems an important point, because as per the alcoholic or drug user, we have to always be on guard?
Not grim i know, but reconciling to management as opposed to cure feels like an important reality to have to take on board ?

I think I misunderstood

your original point, because I don't see a difference. I guess I still think in terms of the Daoist phrase "cultivating sexual energy" for desired results. That's a form of management, but it also leads to the cure of balanced brain chemistry, which actually shifts libido so it is less of a nuisance and more of a pleasurable sensation.