Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222433 
Year of Publication: 
2020
Citation: 
[Journal:] Journal of Risk and Uncertainty [ISSN:] 0895-5646 [Issue:] 60 [Publisher:] Springer [Place:] Berlin [Year:] 2020 [Pages:] 29-51
Publisher: 
Springer, Berlin
Abstract: 
Prenatal androgens have organizational effects on brain and endocrine system development, which may have a partial impact on economic decisions. Numerous studies have investigated the relationship between prenatal testosterone and financial risk taking, yet results remain inconclusive. We suspect that this is due to difficulty in capturing risk preferences with expected utility based tasks. Prospect theory, on the other hand, suggests that risk preferences differ between gains, losses and mixed prospects, as well as for different probability levels. This study investigates the relationship between financial risk taking and 2D:4D, a putative marker of prenatal testosterone exposure, in the framework of prospect theory. We conducted our study with 350 participants of Caucasian and Asian ethnicities. We do not observe any significant relationship between 2D:4D and risk taking in either of these domains and ethnicities.
Subjects: 
Prospect theory
Prenatal testosterone
Digit ratiio
Risk
JEL: 
C91
D03
D81
D87
D91
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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