Economic risk tolerance
Holt–Laury switch point
Preference over lotteries, usually measured with Holt–Laury or similar choice lists.
Risk tolerance in the lab is not the same as 'lives dangerously'. Holt and Laury (2002) gave the field a replicable multiple-price list. Hormonal links to that list are mixed; income and gender composition of the sample matter more than most Twitter threads admit.
Also called risk aversion, lottery convexity.
Incident edges
SMOKE
Observational · Moderate
Disposable income↔Economic risk tolerance
Holt–Laury measures the preference. Income changes the budget. Do not call either 'testosterone'.
SMOKE
Randomized trial · High confidence
Expansive posture (power pose)→Economic risk tolerance
Expansive posture is not a Holt–Laury intervention. The 2010 risk result did not replicate.
Cases
Sources
- C. A. Holt et al. (2002). Risk aversion and incentive effects
- D. R. Carney et al. (2010). Power Posing: Brief Nonverbal Displays Affect Neuroendocrine Levels and Risk Tolerance
- E. Ranehill et al. (2015). Assessing the Robustness of Power Posing: No Effect on Hormones and Risk Tolerance in a Large Sample of Men and Women