Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/17906
Appears in Collections:Psychology Journal Articles
Peer Review Status: Refereed
Title: Testosterone and financial risk preferences
Author(s): Apicella, Coren L
Drebner, Anna
Campbell, Benjamin
Gray, Peter B
Hoffman, Moshe
Little, Anthony
Contact Email: anthony.little@stir.ac.uk
Keywords: association
BEHAVIOR
C
financial
Food
LEVEL
levels
Men
preference
Preferences
RANGE
REAL
relationship
rights
risk
SAMPLE
Issue Date: Nov-2008
Date Deposited: 5-Dec-2013
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. https://doi.org/10.1016/j.evolhumbehav.2008.07.001
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.
DOI Link: 10.1016/j.evolhumbehav.2008.07.001
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