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Ovulatory shift, hormonal changes, and no effects on incentivized decision-making

Author

Listed:
  • Fišar, Miloš
  • Cingl, Lubomír
  • Reggiani, Tommaso
  • Kundtová Klocová, Eva
  • Kundt, Radek
  • Krátký, Jan
  • Kostolanská, Katarína
  • Bencúrová, Petra
  • Pešková, Marie Kudličková
  • Marečková, Klára

Abstract

Employing an incentivized controlled lab experiment, we investigate the effects of ovulatory shift on salient behavioral outcomes related to (i) risk preferences, (ii) rule violation, and (iii) exploratory attitude. As evolutionary psychology suggests, these outcomes may play an important role in economic decision-making and represent behavioral aspects that may systematically vary over the menstrual cycle to increase the reproductive success. Exploiting a within-subjects design, 124 naturally cycling females participated in experimental sessions during their ovulation and menstruation, the phases between which the difference in the investigated behavior should be the largest. In each session, hormonal samples for cortisol, estradiol, and testosterone were collected. The group of women was also contrasted against an auxiliary reference group composed of 47 males, who are not subject to hormonal variations of this nature. Our results reveal no systematic behavioral differences between the ovulation and menstruation phases.

Suggested Citation

  • Fišar, Miloš & Cingl, Lubomír & Reggiani, Tommaso & Kundtová Klocová, Eva & Kundt, Radek & Krátký, Jan & Kostolanská, Katarína & Bencúrová, Petra & Pešková, Marie Kudličková & Marečková, Klára, 2023. "Ovulatory shift, hormonal changes, and no effects on incentivized decision-making," Journal of Economic Psychology, Elsevier, vol. 98(C).
    • Handle: RePEc:eee:joepsy:v:98:y:2023:i:c:s0167487023000570
    DOI: 10.1016/j.joep.2023.102656
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    More about this item

    Keywords

    Hormonal cycle; Ovulatory shift hypothesis; Risk preferences; Rule violation; Exploratory attitude;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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