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
Southern Sierra Miwuk Nation regains ancestral lands near Yosemite in major c...
BY THE OPTIMIST DAILY EDITORIAL TEAM Nearly 900 acres of ancestral territory have been officially returned to the Southern Sierra Miwuk Nation, marking a ...
Read More8 fermented foods that your gut will love (and that taste great, too!)
BY THE OPTIMIST DAILY EDITORIAL TEAM Fermented foods have been a dietary staple in many cultures for centuries, but in the U.S., they’re only ...
Read MoreBreaking the silence: empowering menopausal women in the workplace
Addressing menopause in the workplace is long overdue in today's fast-changing work scene, where many are extending their careers into their 60s. According to ...
Read MoreInsect migration: the hidden superhighway of the Pyrenees
Insects, while frequently disregarded, are critical to the planet's ecosystems. They make up about 90 percent of all animal species and play important functions ...
Read More
