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Risky male business
previous studies have shown traders make more money on days when their testosterone levels are higher, and male-dominated workplaces such as financial institutions may perpetuate those levels as colleagues egg each other on, ms dreber said .
the sex hormone may have played a role in the financial crisis that is crippling wall street with the scientists suggesting that long-term, above-aver age testosterone levels lead to irrational risk taking, anna dreber, lead author of program in evolutionary dynamics , said .
researchers found that a man whose testosterone levels were more than one standard deviation above the mean invested 12 per cent more than the aver age man into the risky investment .
these findings help us to understand the motivations for risk-taking behavioures, which is a major component of economic theory, ms dreber said .
Generated 2008-10-7_19:52
- Risky male business 2008-10-05 00:00:01
http://www.smh.com.au/news/world/risky-male-business/2008/10/04/1223013855428.html
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