"Research showing men and women are slaves to biological destiny are ubiquitous. This year, several studies showed how testosterone levels surge in men working on financial trading floors. This may explain why male traders took unbelievable risks before the global crisis.
But women are also hooked on the hormones, if the University of California economics department paper, Menstrual Cycle and Competitive Bidding, is to be believed.
'We show that on average women bid significantly higher than men during menstruation and the premenstrual phase and that there are no significant differences of bidding between men and women in the other phases of the menstrual cycle,' Professors Matthew Pearson and Burkhard Schipper report."
Wednesday, December 29, 2010
Nick Smith: Making fear and greed pay in investing - Business - NZ Herald News: