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Appears in Collections:Psychology Journal Articles
Peer Review Status: Refereed
Title: Testosterone and financial risk preferences
Authors: Apicella, Coren L
Drebner, Anna
Campbell, Benjamin
Gray, Peter B
Hoffman, Moshe
Little, Anthony
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Keywords: association
Issue Date: Nov-2008
Publisher: Elsevier
Citation: Apicella CL, Drebner A, Campbell B, Gray PB, Hoffman M & Little A (2008) Testosterone and financial risk preferences, Evolution and Human Behavior, 29 (6), pp. 384-390.
Abstract: Many human behaviors, from mating to food acquisition and aggressiveness, entail some degree of risk. Testosterone, a steroid hormone, has been implicated in a wide range of such behaviors in men. However, little is known about the specific relationship between testosterone and risk preferences. In this article, we explore the relationship between prenatal and pubertal testosterone exposure, current testosterone, and financial risk preferences in men. Using a sample of 98 men, we find that risk-taking in an investment game with potential for real monetary payoffs correlates positively with salivary testosterone levels and facial masculinity, with the latter being a proxy of pubertal hormone exposure. 2D:4D, which has been proposed as a proxy for prenatal hormone exposure, did not correlate significantly with risk preferences. Although this is a study of association, the results may shed light on biological determinants of risk preferences. (C) 2008 Elsevier Inc. All rights reserved.
Type: Journal Article
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Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Harvard University
Harvard University
University of Wisconsin-Madison
University of Nevada-Las Vegas
University of Chicago

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