420 Elliott Hall, School of Business Administration, Oakland University, 2200 N. Squirrel Rd., Rochester, MI 48309, United States of America.
OpenMind Platform, United States of America.
Horm Behav. 2021 Aug;134:105014. doi: 10.1016/j.yhbeh.2021.105014. Epub 2021 Jun 29.
Testosterone has been suggested to influence individuals' economic decision making, yet the effects of testosterone on economic behavior are not well-understood and existing research is equivocal. In response, in three studies, we examined the extent to which testosterone affected or was associated with several different facets of economic decision making. Study 1 was a double-blind, placebo-controlled, within-subjects study examining loss aversion and risk-taking (N = 26), whereas Study 2 was a larger double-blind, placebo-controlled, between-subjects study examining loss aversion and risk-taking behavior (N = 117). As a methodological compliment, Study 3 was a larger correlational design (N = 213) with a highly accurate measure of endogenous testosterone examining a wider range of economic behaviors and trait-like preferences. Broadly, the results of all three studies suggest no consistent relationship between testosterone and financial behavior or preferences. Although there were significant effects in specific cases, these findings did not replicate in other studies or would not remain significant when controlling for family-wise error rate. We consider potential contextual moderators that may determine under what circumstances testosterone affects economic decision making.
睾酮被认为会影响个体的经济决策，但睾酮对经济行为的影响尚不清楚，现有研究结果也存在争议。有鉴于此，我们在三项研究中考察了睾酮在多大程度上影响或与经济决策的几个不同方面有关。研究 1 是一项双盲、安慰剂对照、被试内研究，考察了损失厌恶和风险偏好（N=26），而研究 2 是一项更大的双盲、安慰剂对照、被试间研究，考察了损失厌恶和风险偏好行为（N=117）。作为一种方法学上的补充，研究 3 是一项更大的相关设计（N=213），采用了一种高度准确的内源性睾酮测量方法，考察了更广泛的经济行为和特质偏好。总的来说，这三项研究的结果表明，睾酮与金融行为或偏好之间没有一致的关系。尽管在某些特定情况下存在显著影响，但这些发现并未在其他研究中得到复制，或者在控制家族错误率时就不再显著。我们考虑了潜在的情境调节因素，这些因素可能决定了在什么情况下睾酮会影响经济决策。
