WASHINGTON - Women with more of the hormone testosterone tend to behave more like men when taking financial risks, according to a new study.
"Women with higher levels of testosterone turn out to be less risk averse, more willing to take risks," said Mr Luigi Zingales of the University of Chicago.
Known as the male sex hormone, testosterone occurs in both men and women, but at higher levels in men. It has long been associated with competitiveness and dominance, reduction of fear, and with risky behaviours 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 morning and evening, and found that those with higher levels of testosterone in the morning were more likely to make an unusually big profit that day.
The study found that married men and women had lower levels of testosterone than single individuals. AP
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From TODAY, World – Wednesday, 26-Aug-2009
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