If you’re a man, you know that your testosterone can be blamed for just about anything. Or so it seems. Studies and reports have shown that testosterone can be blamed for men being overly aggressive (no surprise there) and for hasty and poor decision-making. Testosterone has also been linked to an increased risk of prostate cancer, and if you’re thinking that maybe you’d be better off without testosterone, think again. If you have too little, that raises your odds that you’ll eventually develop sleep apnea and become obese.
The latest study shows that testosterone has an effect on how men spend money. In fact, if you have a lot of testosterone and not much of an ego, there’s a greater chance that you are going to take a financial risk.
That’s according to a new study that will be appearing in the March 2018 issue of “Personality and Individual Differences,” a peer-reviewed academic journal and the official journal of the International Society for the Study of Individual Differences. The four authors are Eric Stenstrom, an assistant professor in the department of marketing at the Farmer School of Business at Miami University in Oxford, Ohio; Jonathan Kunstman, an assistant professor of social psychology at Miami University; John Dinsmore, an assistant professor of marketing at Wright State University in Dayton, Ohio; and Kathleen Vohs, a marketing professor at the University of Minnesota in Minneapolis.
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