“Testosterone Makes a Difference in Financial Risk Taking, Study of M.B.A. Students Finds” by Katherine Mangan

“Female M.B.A. students with higher testosterone levels are more likely to feel comfortable taking financial chances and to choose risky careers like investment banking or trading, according to a new study by Chicago researchers.

“A paper describing the study, ‘Gender Differences in Financial Risk Aversion and Career Choices Are Affected by Testosterone,’ was published in Monday’s edition of the Proceedings of the National Academy of Sciences.

“The research was conducted by Paola Sapienza, an associate professor of finance at Northwestern University’s Kellogg School of Management; Luigi Zingales, a professor of entrepreneurship and finance at the University of Chicago Booth School of Business; and Dario Maestripieri, a professor in comparative human development at the University of Chicago.”