Wednesday, September 5, 2012

The Daily Stat: Men Are More Economically Impulsive When They Outnumber Women

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SEPTEMBER 5, 2012
Men Are More Economically Impulsive When They Outnumber Women
When unmarried men in an experiment perceived that they outnumbered unmarried women, they raised their intended borrowing by an average of $372 per year and cut their intended yearly savings by an average of $756, according to a team led by Vladas Griskevicius of the University of Minnesota. An overabundance of males appears to intensify competition for mates, leading men toward greater economic impulsivity. The findings suggest that sex ratios may have far-reaching consequences for many economic decisions and, potentially, whole economies, the researchers say.
Source: The Financial Consequences of Too Many Men: Sex Ratio Effects on Saving, Borrowing, and Spending
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