Facial Masculinity Predicts Risk and Time Preferences in Expert Chess Players
9 Pages Posted: 1 Dec 2012 Last revised: 23 May 2013
Date Written: November 30, 2012
In this study we examine the relationship between risk taking, impatience and facial masculinity in expert chess players. We combine a large panel-dataset from high-level chess games with measures of both risk taking and impatience in chess with facial masculinity, a proxy for testosterone exposure in puberty. We find that male players with high pubertal testosterone exposure are more impatient by playing shorter chess games. For female players, we find that facial masculinity is negatively correlated with risk taking.
Keywords: risk taking, impatience, chess, facial masculinity, testosterone
JEL Classification: D03, J16
Suggested Citation: Suggested Citation