A new book by Jay Newton-Small suggests women traders would not have taken the same risks and could have avoided the crisis. Several studies have established that high levels of testosterone lead to more risk-taking actions (such as the financial bubbles of Wall Street). It’s also known that the presence of women tends to lower the levels of testosterone. When the credit crash happened in 2008, anxiety took over, and that caused male bodies to produce more cortisol. Researchers say cortisol clouded the bankers’ judgement. Other studies show that females respond to male’s cortisol with oxytocin, a hormone that promotes nurturing emotions and calm. So had more women been on Wall Street when the bubble burst, it is quite likely that they could have helped avoid the crisis that ensued.
Female leaders might have prevented the financial crisis
More of Today's Solutions
Sardinian restaurants are banning phones for families at meals
BY THE OPTIMIST DAILY EDITORIAL TEAM The Italian federation of pediatricians designed a box of games to help parents ask their kids how their ...
Read MoreCalifornia legalizes balcony solar for renters and beyond
BY THE OPTIMIST DAILY EDITORIAL TEAM California just gave apartment renters a shot at solar. Governor Gavin Newsom signed a bill legalizing plug-in solar ...
Read MoreWhy you should fill your cart with ugly watermelons
When it comes to picking produce at our local market or grocery store, many of us are… well… shallow. We tend to fill our ...
Read More10 confidence-boosting tips for navigating the world of dating apps
Navigating the world of dating apps can be both exciting and intimidating as you condense your entire personality and aspirations into a few brief ...
Read More
