Previously in Difference Blog, we've discussed findings that seem to support the idea that women see risk as more risky:
- women perceive more risk in participating in research studies (12/19/07)
- Weber et al (2002) made the distinction that women report being more risk-averse, but seem to participate equally in many risky behaviors (10/1/07)
- Women are more likely to play low-risk gambling games, like slot machines (5/3/07)
- Men tend to assess health risks as less serious than women do (3/12/07)
- Girls are more closely monitored as toddlers, which seems to be linked to greater risk-aversion (12/21/06)
- Chen et al (2005) found that differences in risk-aversion in an auction game disappeared during menstruation (10/5/06)
- Male poker players have been reported to lose more money than female poker players (8/18/06)
The Risk-Aversion theory is one of the gender differences that goes on my list of major themes. I keep meaning to do a post where I actually enumerate the themes that seem to be consistently and robustly visited. However, applying it to the financial crisis seems so wrong-headed as to be inane. Regardless of the gender of the participants, high risk-taking is a necessary trait to end up in the position that these people were in to begin with. High power necessitates having taken high risk. If there were women in these positions, they would be risk-taking women. My favorite moment in Syed's article (from an eye-rolling point of view) is this gem:
The reality - familiar to anyone who has read Darwin - is that sex differences are, to a large extent, biological and would remain in place even in a society dominated by women.Ignoring for a moment the distinction between a sex difference and a gender difference (something I'm guilty of fairly regularly), I've got to ask whether a society dominated by women would provide the same environmental pressures -- something Darwin was fairly aware of, even if Mr. Syed isn't.

