Our fall pledge drive ends on Friday, and we're still $5,000 short of our goal.
Help make in-depth reporting sustainable with your tax-deductible donation today.
No kidding. A new study finds that higher levels of testosterone correlate with financial risk-taking behavior. A Harvard study assessed men's testosterone levels before participation in an investment game, and found those whose testosterone levels were more than one standard deviation above the mean invested 12 percent more than the average man in a risky investment.
A previous study had already proved that men are generally more likely than women to take investment risks. Another demonstrated that male stock market traders experienced greater profits on days their testosterone was above its median level. The Harvard study, forthcoming in Evolution and Human Behavior, was the first study to directly examine, and find a relationship between, testosterone and financial risk-taking.
So, should the Congressional bail-out include estrogen replacement therapy for financially foolish CEOs?
For those interested in the details of the study