So, that Y chromosone, it's the bad trading chromosone, right?
April 9, 2008 7:12 AM Subscribe
Although Larry Summers
drew fire for rather inappropriate comments
illustrating differences between Men and Women, we all know they exist.
For example, Veale (2007) showed that twice as many men snore than women
, while Meyers-Levy (1989) illustrated that
females develop stronger linguistic skills much earlier than males
, an advantage that was maintained throughout life.
Joseph (2004) provided results
[.pdf] showing men were much better at dart throwing than women, while Tversky & Kahneman (1973) determined that unlike males, prone to making assumptions, women processed all available information
when making decisions.
Author John Gray
took these observations to their logical conclusion, observing that Men Are From Mars, Women Are From Venus
So is it any wonder to learn that women are much better investors that men?
Indeed, research by Barber & Odean
(2001) published in The Quarterly Journal of Economics showed that single women overall earn 2.3% more from their equity market trades than men. After marriage, however, this excess alpha
shrinks to 1.4%, no doubt due to the distractions of trying to understand spoken Martian.
According to Simone de Beauvoir
, "One is not born a woman but rather becomes one."
Apparently though, this research seems to show that all women are born traders.