Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58386
Authors: 
Pearson, Matthew
Schipper, Burkhard C.
Year of Publication: 
2009
Series/Report no.: 
Working Papers, University of California, Department of Economics 09,11
Abstract: 
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we collected information on the female participants' menstrual cycles. We find that women bid significantly higher than men in their menstrual and premenstrual phase but do not bid significantly different in other phases of the menstrual cycle. We suggest an evolutionary hypothesis according to which women are genetically predisposed by hormones to generally behave more riskily during their fertile phase of their menstrual cycle in order to increase the probability of conception, quality of offspring, and genetic variety. It is in contrast to results by Chen, Katuscak and Ozdenoren (2005, 2009).
Subjects: 
hormones
menstrual cycle
gender
likelihood of conception
first price auction
risk behavior
competition
bidding
endocrinological economics
JEL: 
C72
C91
C92
D44
D81
D87
Document Type: 
Working Paper

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