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Testosterone Effects Money Decisions

For women. Yep, a new study says that women with elevated testosterone levels tend to behave more like men when taking financial risks. So what does that mean? Testosterone has been associated with competitiveness and dominance, reduction of fear, and with risky behaviors like gambling and alcohol use. So women with high levels of testosterone were nearly seven times more likely to take risks with their money than women with lower levels. Interestingly, according to the study which was funded by the Templeton Foundation, the Zell Center for Risk Research and the Center for Research in Security Prices and the Initiative on Global Markets at the University of Chicago Booth School of Business found that there were essentially no difference in risk taking for those with low levels of testosterone. Another interesting finding was that married men and women had lower levels of testosterone than single individuals, and researchers noted that married couples tend to be more risk averse than their single counterparts. Click here to read the full article.

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