Thursday, May 21, 2009

Could Women Prevented the Financial Crisis?

The argument:

She points to evidence that men are less risk-averse in financial decision-making, more overconfident, and perhaps susceptible to testosterone-fueled feedback loops in asset bubbles.


Anyone who plays poker knows this to be true - men are complete overconfident idiots when it comes to financial decision making or overplaying middle pairs. Of course, I've seen women folds the nuts, so we probably need a balance...

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