High Testoterone in Women Associated with Careers in Finance

Gambling woman According to an article in US News and World Report, "Higher testosterone levels may make some women more likely to choose high-risk financial careers. In general, women are more risk-averse than men when it comes to making important financial decisions, which in turn can affect their career choices. " Paola Sapienza at Northwestern University, measured testosterone levels in saliva samples collected from about 500 MBA students at the University of Chicago Booth School of Business. The students also took part in an experiment to determine the link between testosterone levels and risk aversion. Higher levels of testosterone were associated with a greater taste for risk in women. The researchers also found that the link between risk aversion and testosterone predicted post-graduation career choices. Those with high levels of testosterone and low risk aversion were more likely to go into high-risk financial careers." This report comes on the heels of other research has correlated testosterone with risk-taking in monetary games, much like settings in the City. The testosterone must explain that odd smell in the air at Canary Wharf when I go visit my clients there….:)

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