Being a member of the "sleepless elite" -- people who thrive on five to 6 hours a sleep a night -- may confer an edge, according to a WSJ article

http://online.wsj.com/article/SB10001424052748703712504576242701752957910.html
The Sleepless Elite: Why Some People Can Run on Little Sleep and Get So Much Done
by Melinda Beck
April 5, 2011

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Out of every 100 people who believe they only need five or six hours of sleep a night, only about five people really do, Dr. Buysse says. The rest end up chronically sleep deprived, part of the one-third of U.S. adults who get less than the recommended seven hours of sleep per night, according to a report last month by the Centers for Disease Control and Prevention.

To date, only a handful of small studies have looked at short sleepers�in part because they're hard to find. They rarely go to sleep clinics and don't think they have a disorder.

A few studies have suggested that some short sleepers may have hypomania, a mild form of mania with racing thoughts and few inhibitions. "These people talk fast. They never stop. They're always on the up side of life," says Dr. Buysse. He was one of the authors of a 2001 study that had 12 confirmed short sleepers and 12 control subjects keep diaries and complete numerous questionnaires about their work, sleep and living habits.One survey dubbed "Attitude for Life" that was actually a test for hypomania. The natural short sleepers scored twice as high as the controls.

There is currently no way people can teach themselves to be short sleepers. Still, scientists hope that by studying short sleepers, they can better understand how the body regulates sleep and why sleep needs vary so much in humans.

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"To see what is in front of one's nose needs a constant struggle." - George Orwell