Women with more of the hormone testosterone tend to behave more like men when taking financial risks,according to a new study.known as the male sex hormone,testosterone occurs in both men and women,but a higher levels in men.It has long been associated waith competitiveness and dominance,reduction of fear,and with risky behaviour like gambling and alcohol use.
Previous research in England showed that higher levels of testosterone seem able to boost short term success at finance.Researchers there tested male traders moprning and evening and found that those with high levels of testosterone in the morning were more likely to make an unusually big profit that day.
Zingales and his team tested the testosterone levelss of more than 500 MBA students-males and females-and asked them to choose between accepting a guaranteed monetary award or choosing risky lottery with a higher potential layout.Students had to choose repeatedly between the lottery and a fixed payment at increasing values.
In general men had higher levels of testosterone and were more likely to choose the risky lottery than women.But it also turned out that women with higher levels of testosterone were almost seven times more likely to take riskd than women with lower hormone levels.On the other hand,there was no difference in risk-tasking between those with relatively low levels of testosterone-90% of women and 31% of men.
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