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dc.contributor.authorSchipper, Burkhard C.en
dc.date.accessioned2012-06-07-
dc.date.accessioned2012-06-12T13:33:25Z-
dc.date.available2012-06-12T13:33:25Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/58361-
dc.description.abstractWe correlate choice under risk in Holt-Laury lottery tasks for gains and losses with salivary testosterone, estradiol, progesterone, and cortisol, the use of hormonal contraceptives, menstrual cycle information as well as the digit ratio (2D:4D) in more than 200 subjects. Risk aversion is negatively correlated with testosterone and positively correlated with cortisol, a stress hormone, for gains only. In males, testosterone is negatively correlated with risk aversion for gains only. In females, cortisol is marginally significantly positively correlated with risk aversion for gains only. No other significant correlations between risk aversion and salivary hormones are observed. In females, testosterone and progesterone are positively correlated with reflection, i.e., risk aversion for gains and risk seeking for losses. Testosterone is negatively correlated with consistency of preferences in females, while estradiol is negatively correlated with consistency of preferences in males. No significant correlations between risk aversion and the menstrual cycle or the digit ratio are observed. Females on hormonal contraceptives are more likely to make consistent choices although this may be due to a selection effect. Risk aversion is positively correlated with being female for losses only. Yet, if we control for salivary hormones we are surprised to find a negative correlation between female and risk aversion for gains.en
dc.language.isoengen
dc.publisher|aUniversity of California, Department of Economics |cDavis, CAen
dc.relation.ispartofseries|aWorking Paper |x12-7en
dc.subject.jelC91en
dc.subject.jelC92en
dc.subject.jelD44en
dc.subject.jelD81en
dc.subject.jelD87en
dc.subject.ddc330en
dc.subject.keywordHormonesen
dc.subject.keywordMenstrual cycleen
dc.subject.keywordContraceptionen
dc.subject.keywordDigit ratioen
dc.subject.keyword2D:4Den
dc.subject.keywordGenderen
dc.subject.keywordRisk behavioren
dc.subject.keywordEndocrinological economicsen
dc.subject.keywordHolt-Lauryen
dc.subject.keywordRisk aversionen
dc.subject.keywordRisk seekingen
dc.subject.keywordReflection effecten
dc.subject.keywordProspect theoryen
dc.titleSex hormones and choice under risk-
dc.typeWorking Paperen
dc.identifier.ppn717283895en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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