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Sex hormones and choice under risk

Burkhard Schipper

Journal of Economic Psychology, 2023, vol. 96, issue C

Abstract: We study the correlation of choice under risk in Holt–Laury lotteries for gains and losses with gender, the use of hormonal contraceptives, menstrual cycle information, salivary testosterone, estradiol, progesterone, and cortisol as well as the digit ratio (2D:4D; length of the index finger to the ring finger of the right hand) in more than 200 subjects (45% females). In males, salivary testosterone is negatively correlated with risk aversion for gains only. In females, salivary cortisol is positively correlated with risk aversion for gains only. No other significant correlations between risk preferences and salivary hormones are observed. No significant correlations between risk preferences and the menstrual cycle are observed in naturally cycling females. No significant correlations between risk preferences and the digit ratio are observed in either gender and/or race.

Keywords: Testosterone; Estradiol; Cortisol; Progesterone; Menstrual cycle; Contraceptives; Digit ratio; 2D; 4D; Gender; Holt–Laury lottery task; Risk aversion; Risk seeking; Endocrinological economics (search for similar items in EconPapers)
JEL-codes: C91 C92 D81 D87 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Sex hormones and choice under risk (2014) Downloads
Working Paper: Sex Hormones and Choice under Risk (2012) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:96:y:2023:i:c:s0167487023000089

DOI: 10.1016/j.joep.2023.102607

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