テストステロンと経済行動:濃度変化がリスクをとらせる
女子短大の学生を被験者に3週間にわたり，テストステロンの濃度と，リスク選好指標，時間選好などを計測した．リスク選好指標は，選択課題（choice task）と適合課題（matching task）の2種類を用いた．また被験者のT濃度を，グルコース投与によって一時的に低下させて，コントロール群との違いを見た．結果，Tの絶対濃度とリスク選好には選択課題，適合課題ともにはっきりとした関係がなかった．また，30分間隔でのT濃度の変化と，リスク選好の指標である 選択課題の間には有意な正相関があるが，選択課題とでは有意性は示されなかった．T濃度の変化は，確率過程の不明な不確実性（uncertainty）状...
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| Published in | Journal of Behavioral Economics and Finance Vol. 3; pp. 194 - 198 |
|---|---|
| Main Authors | , , , , |
| Format | Journal Article |
| Language | Japanese |
| Published |
行動経済学会
2010
Association of Behavioral Economics and Finance |
| Subjects | |
| Online Access | Get full text |
| ISSN | 2185-3568 |
| DOI | 10.11167/jbef.3.194 |
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| Abstract | 女子短大の学生を被験者に3週間にわたり，テストステロンの濃度と，リスク選好指標，時間選好などを計測した．リスク選好指標は，選択課題（choice task）と適合課題（matching task）の2種類を用いた．また被験者のT濃度を，グルコース投与によって一時的に低下させて，コントロール群との違いを見た．結果，Tの絶対濃度とリスク選好には選択課題，適合課題ともにはっきりとした関係がなかった．また，30分間隔でのT濃度の変化と，リスク選好の指標である 選択課題の間には有意な正相関があるが，選択課題とでは有意性は示されなかった．T濃度の変化は，確率過程の不明な不確実性（uncertainty）状況では影響を与えるが，確率過程が既知のリスク（risk）状況下では弱い，あるいは与えないことが示唆された．またTは時間選好には影響を与えない． |
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| AbstractList | We tested the relationship between women's testosterone (T) concentration levels and their risk-preferences, their time discount rates, and their social behavior with dictator game. As for the risk-preferences, we utilized both choice task and matching task. We artificially decreased subjects' T levels with a dose of pure glucose and compared their economic response with the controls. We found no statistical relationship between T concentration and risk-preferences, and between T concentration and time discount rate. However, short time spontaneous changes in T levels had a positive relationship with matching task, but not with choice task. This may reflect that matching task is similar to the risk situation whereas choice task to uncertainty.
女子短大の学生を被験者に3週間にわたり，テストステロンの濃度と，リスク選好指標，時間選好などを計測した．リスク選好指標は，選択課題（choice task）と適合課題（matching task）の2種類を用いた．また被験者のT濃度を，グルコース投与によって一時的に低下させて，コントロール群との違いを見た．結果，Tの絶対濃度とリスク選好には選択課題，適合課題ともにはっきりとした関係がなかった．また，30分間隔でのT濃度の変化と，リスク選好の指標である 選択課題の間には有意な正相関があるが，選択課題とでは有意性は示されなかった．T濃度の変化は，確率過程の不明な不確実性（uncertainty）状況では影響を与えるが，確率過程が既知のリスク（risk）状況下では弱い，あるいは与えないことが示唆された．またTは時間選好には影響を与えない． 女子短大の学生を被験者に3週間にわたり，テストステロンの濃度と，リスク選好指標，時間選好などを計測した．リスク選好指標は，選択課題（choice task）と適合課題（matching task）の2種類を用いた．また被験者のT濃度を，グルコース投与によって一時的に低下させて，コントロール群との違いを見た．結果，Tの絶対濃度とリスク選好には選択課題，適合課題ともにはっきりとした関係がなかった．また，30分間隔でのT濃度の変化と，リスク選好の指標である 選択課題の間には有意な正相関があるが，選択課題とでは有意性は示されなかった．T濃度の変化は，確率過程の不明な不確実性（uncertainty）状況では影響を与えるが，確率過程が既知のリスク（risk）状況下では弱い，あるいは与えないことが示唆された．またTは時間選好には影響を与えない． |
| Author | 蔵, 研也 松葉, 敬文 佐藤, 淳 青木, 貴子 村上, 弘 |
| Author_FL | Sato Jun Murakami Hiroshi Kura Kenya Aoki Takako Takafumi Matsuba |
| Author_FL_xml | – sequence: 1 fullname: Takafumi Matsuba – sequence: 2 fullname: Sato Jun – sequence: 3 fullname: Kura Kenya – sequence: 4 fullname: Aoki Takako – sequence: 5 fullname: Murakami Hiroshi |
| Author_xml | – sequence: 1 fullname: 松葉, 敬文 organization: 岐阜聖徳学園大学経済情報学部 – sequence: 1 fullname: 蔵, 研也 organization: 岐阜聖徳学園大学経済情報学部 – sequence: 1 fullname: 村上, 弘 organization: 愛知学院大学歯学部歯学科 – sequence: 1 fullname: 青木, 貴子 organization: 岐阜女子短期大学食物栄養学科 – sequence: 1 fullname: 佐藤, 淳 organization: 岐阜聖徳学園大学経済情報学部 |
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| References | Coates, J. M. and J. Herbert, 2008. Endogenous steroids and financial risk taking on a London trading floor. Proceedings of National Academy of Science 105, 16, 6167-6172. Sapienza, P., L. Zingales, and D. Maestripieri, 2009. Gender differences in financial risk aversion and career choices are affected by testosterone. Proceedings of the National Academy of Sciences 106 (36), 15268-15273. Takahashi, T., K. Sakaguchi, M. Oki, and T. Hasegawa, 2006. Sex hormone nodulation of hyperbolic discount factor in men. Journal of Neuroscience,Psychology and Economics 1,1, 7-16. Zak, P. J., R. Kurzban, S. Ahmadi, R.S. Swerdloff, J. Park, L. Efremidze, K. Redwine, K. Morgan, and W. Matzner, 2010. Testosterone administration decreases generosity in the ultimatum game. PLoS ONE 4 (12) e8330. Burnham, T.C., 2007. Hig-testosterone men reject low ultimatum game offers, 2007. Proceedings of Biological Society 276(1623), 2327-2330. Fehr, E., 2010. Making the paper. Nature 463, 268. Zethraeus, N., L. Kocoska-Marasb, T. Ellingsena, B. von Schoultzb, A. L. Hirschbergb, and M. Johannesso, 2009. A randomized trial of the effect of estrogen and testosterone on economic behavior. Proceedings of National Academy of Science 106, 16, 6535-6538. Frederick, S., G. Lowenstein, and T. O'Donoghue, 2002. Time discounting and time preference: A critical review. Journal of Economic Literature 40, 351-401. Goudriaan, A.E., B. Lapauw, R. Johannes, F. Feyen, J. Kaufman, M. Brand, and G. Vingerhoets, 2010. The influence of hig-normal testosterone levels on risk-taking in healthy males in a 1-week letrozole administration study. Psychoneuroendocrinology 35, 1426-1421 van Honk, J., D.J. Shutter, E.J. Hermans, P. Putman, A. Tuiten, and H. Koppeschaar, 2004. Testosterone shifts the balance between sensitivity for punishment and reward in healthy young women. Psychoneuroendocrinology 29, 937-943. Liening, S. H., S. J. Stanton, E. K. Saini, and O. C. Schultheiss, 2010. Salivary testosterone, cortisol, and progesterone: Two-week stability, interhormone correlations, and effects of time of day, menstrual cycle, and oral contraceptive use on steroid hormone levels. Physiology & Behavior 99, 8-16. van Honk, J., A. Tuiten, R. Verbaten, M. van den Hout, H. Koppeschaa, J. Thijsseen, and E. de Haan, 1999. Correlations among salivary testosterone, mood, and selective attention to threat in humans. Hormones and Behavior 36, 1: 17-24. Hirsh, J.B., D. Morisano, and J.B. Peterson, 2008. Delay discounting: Interactions between personality and cognitive ability. Journal of Research in Personality 42, 1646-1650. Hsu, M., M. Bhatt, R. Adolphs, D. Tranel, and C. Camerer, 2005. Neural systems responding to degrees of uncertainty in human decision-making. Science 310, 5754, 1680-1683. Tanaka, S., S. Nicolas, S. Asahi, K. Shishida, Y. Okamoto, S. Yamawaki, and K. Doya, 2007. Serotonin differentially regulates short-and long-term prediction of rewards in the vetral and dorsal striatum. PLoS ONE 2 (12) e1333. Kirby, K. N., N. M. Petry, and W. K. Bickel, 1999. Heroin addicts have higher discount rate for delayed reward than non-drug-using controls. Journal of Experimental Psychology 128, 1, 78-87. Coates, J.M., M. Gurnell, and A. Rustichini, 2009. Second-to-fourth digit ratio predicts success among high-frequencey financial traders. Proceedings of National Academy of Science 106, 2, 623-628. |
| References_xml | – reference: Coates, J.M., M. Gurnell, and A. Rustichini, 2009. Second-to-fourth digit ratio predicts success among high-frequencey financial traders. Proceedings of National Academy of Science 106, 2, 623-628. – reference: Sapienza, P., L. Zingales, and D. Maestripieri, 2009. Gender differences in financial risk aversion and career choices are affected by testosterone. Proceedings of the National Academy of Sciences 106 (36), 15268-15273. – reference: Fehr, E., 2010. Making the paper. Nature 463, 268. – reference: van Honk, J., A. Tuiten, R. Verbaten, M. van den Hout, H. Koppeschaa, J. Thijsseen, and E. de Haan, 1999. Correlations among salivary testosterone, mood, and selective attention to threat in humans. Hormones and Behavior 36, 1: 17-24. – reference: Zethraeus, N., L. Kocoska-Marasb, T. Ellingsena, B. von Schoultzb, A. L. Hirschbergb, and M. Johannesso, 2009. A randomized trial of the effect of estrogen and testosterone on economic behavior. Proceedings of National Academy of Science 106, 16, 6535-6538. – reference: Frederick, S., G. Lowenstein, and T. O'Donoghue, 2002. Time discounting and time preference: A critical review. Journal of Economic Literature 40, 351-401. – reference: Kirby, K. N., N. M. Petry, and W. K. Bickel, 1999. Heroin addicts have higher discount rate for delayed reward than non-drug-using controls. Journal of Experimental Psychology 128, 1, 78-87. – reference: Zak, P. J., R. Kurzban, S. Ahmadi, R.S. Swerdloff, J. Park, L. Efremidze, K. Redwine, K. Morgan, and W. Matzner, 2010. Testosterone administration decreases generosity in the ultimatum game. PLoS ONE 4 (12) e8330. – reference: Takahashi, T., K. Sakaguchi, M. Oki, and T. Hasegawa, 2006. Sex hormone nodulation of hyperbolic discount factor in men. Journal of Neuroscience,Psychology and Economics 1,1, 7-16. – reference: van Honk, J., D.J. Shutter, E.J. Hermans, P. Putman, A. Tuiten, and H. Koppeschaar, 2004. Testosterone shifts the balance between sensitivity for punishment and reward in healthy young women. Psychoneuroendocrinology 29, 937-943. – reference: Burnham, T.C., 2007. Hig-testosterone men reject low ultimatum game offers, 2007. Proceedings of Biological Society 276(1623), 2327-2330. – reference: Liening, S. H., S. J. Stanton, E. K. Saini, and O. C. Schultheiss, 2010. Salivary testosterone, cortisol, and progesterone: Two-week stability, interhormone correlations, and effects of time of day, menstrual cycle, and oral contraceptive use on steroid hormone levels. Physiology & Behavior 99, 8-16. – reference: Coates, J. M. and J. Herbert, 2008. Endogenous steroids and financial risk taking on a London trading floor. Proceedings of National Academy of Science 105, 16, 6167-6172. – reference: Hirsh, J.B., D. Morisano, and J.B. Peterson, 2008. Delay discounting: Interactions between personality and cognitive ability. Journal of Research in Personality 42, 1646-1650. – reference: Hsu, M., M. Bhatt, R. Adolphs, D. Tranel, and C. Camerer, 2005. Neural systems responding to degrees of uncertainty in human decision-making. Science 310, 5754, 1680-1683. – reference: Goudriaan, A.E., B. Lapauw, R. Johannes, F. Feyen, J. Kaufman, M. Brand, and G. Vingerhoets, 2010. The influence of hig-normal testosterone levels on risk-taking in healthy males in a 1-week letrozole administration study. Psychoneuroendocrinology 35, 1426-1421 – reference: Tanaka, S., S. Nicolas, S. Asahi, K. Shishida, Y. Okamoto, S. Yamawaki, and K. Doya, 2007. Serotonin differentially regulates short-and long-term prediction of rewards in the vetral and dorsal striatum. PLoS ONE 2 (12) e1333. |
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| Snippet | 女子短大の学生を被験者に3週間にわたり，テストステロンの濃度と，リスク選好指標，時間選好などを計測した．リスク選好指標は，選択課題（choice task）と適合課題（matching... We tested the relationship between women's testosterone (T) concentration levels and their risk-preferences, their time discount rates, and their social... |
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| SubjectTerms | risk risk-preference Testosterone uncertainty テストステロン リスク リスク選好 確率過程 |
| Title | テストステロンと経済行動:濃度変化がリスクをとらせる |
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