Endogenous steroids and financial risk taking on a London trading floor

By J. Coates, J. Herbert. Proceedings of the National Academy of Sciences of the United States of America, 2008

627 citations recorded by the source corpus.

Subfields: Experimental and Cognitive Psychology, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/0fef5a82ee1354c63f6f458de3953885c71e99dc

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In Experimental and Cognitive Psychology

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Citations in the corpus

Variation in risk seeking behaviour following large losses: A natural experiment (2014, background): “Moreover, a recent literature in neuroscience links market conditions to traders physiological reaction and the evolution of their risk preferences (Coates and Herbert, 2008; Kandasamy et al., 2014).”
THE FINANCIAL CRISIS AND THE SYSTEMIC FAILURE OF THE ECONOMICS PROFESSION (2009, positive): “They have also been shown in real financial markets to be strongly influenced by emotional and hormonal reactions (Lo et al. 2005; Coates and Herbert 2008 ).”
Digit ratios (2D:4D) as predictors of risky decision making for both sexes (2011, background): “The activational effects of circulating testosterone have been found to predict the financial performance of male futures traders (Coates and Herbert 2008), with higher testosterone levels associated with higher returns.”
Gender and risk: women, risk taking and risk aversion (2010, background): “While this stereotype is socially constructed, it may also have a biological basis (White et al., 2007; Coates and Herbert, 2008).”
Women, Work, and the Economy:Macroeconomic Gains from Gender Equity (2013, background): “Moreover, a larger share of women in decision-taking positions could reduce the share of high-risk financial transactions that are normally conducted by male traders (Coates and Herbert, 2008).”
The Financial Crisis and the Systemic Failure of Academic Economics (2009, background): “They have also been shown in financial markets to be strongly influenced by emotional and hormonal reactions (see Lo et al. , 2005, and Coates and Herbert, 2008).”
Exploring the Nature of 'Trader Intuition' (2010, background): “(2005)), and correlations with specific biological markers have been discovered (testosterone level: Coates and Herbert (2008); the relative size of the index and ring fingers, an indication of a particular genetic polymorphism: Coates, Gurnell, and Rustichini (2009)).”
The Presence of an Attractive Woman Elevates Testosterone and Physical Risk Taking in Young Men (2010, background): “…testosterone levels rise in the presence of attractive women, and because testosterone is associated with increased competition and risk taking (Coates & Herbert, 2008; Dabbs & Dabbs, 2000), we hypothesized that increased risk taking in the presence of an attractive woman might be induced by…”
Approach, Ability, Aftermath: A Psychological Process Framework of Unethical Behavior at Work (2015, background): “In a study of financial traders, earning more profits over the course of the day immediately increased the bankers’ testosterone levels (Coates & Herbert, 2008).”