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200908The Biochemistry of Financial RiskSapienzaPaola

August 2009

The Biochemistry of Financial Risk200908SapienzaPaola

The Biochemistry of Financial Risk
Testosterone may play a surprising role in financial risk. New research by Paola Sapienza and her colleagues shows how the amount of testosterone in our veins could influence our monetary decisions.

SapienzaPaola200908The Biochemistry of Financial Risk

Paola Sapienza

Luigi Zingales

Dario Maestripieri

200907Walking AwayGuisoLuigi

July 2009

Walking Away200907GuisoLuigi

Walking Away
With more than 20 percent of U.S. homeowners realizing negative equity, strategic defaults are on the rise. Paola Sapienza notes that moral and social considerations play a crucial role in dissuading householders from taking that route—that is, until potential losses reach a certain threshold.

GuisoLuigi200907Walking Away

Luigi Guiso

Paola Sapienza

Luigi Zingales

200902Measuring TrustSapienzaPaola

February 2009

Measuring Trust200902SapienzaPaola

Measuring Trust
Consumer spending, home prices, 401(k) values, and employment levels are but a few of the economic vital signs that have plummeted during the upheaval of the past months. While these indicators help to describe today’s crisis, new research by Paola Sapienza (Kellogg) and Luigi Zingales (Booth) suggests that true insight into the root causes of a nation’s financial strength or weakness lies in a different measure: trust.

SapienzaPaola200902Measuring Trust

Paola Sapienza

Luigi Zingales

200806Women and Math, the Gender Gap BridgedGuisoLuigi

June 2008

Women and Math, the Gender Gap Bridged200806GuisoLuigi

Women and Math, the Gender Gap Bridged
Nine years before the 19th Amendment granted American women the right to vote, a committee of Swedish scientists in 1911 awarded a second Nobel Prize to Marie Curie, a French Pole, in recognition of her discovery of the elements radium and polonium. Nine years before Title IX cracked down on gender discrimination in American education, Soviet cosmonaut Valentina Tereshkova became the first woman to rocket into space, piloting Vostok 6 in 1963. Across generations and cultures, women have reached remarkable levels of scientific and social achievement. Yet five years into the 21st century, the leader of one of the world's most elite universities, in one of the oldest democracies, opined upon "the unfortunate truth" that women probably are not as mentally equipped for work in math and science as men (Summers 2005).

GuisoLuigi200806Women and Math, the Gender Gap Bridged

Luigi Guiso

Ferdinando Monte

Paola Sapienza

Luigi Zingales

200704Can geography affect your bank account?GuisoLuigi

April 2007

Can geography affect your bank account?200704GuisoLuigi

Can geography affect your bank account?
Do Koreans save more than the British? Are Eastern Europeans more reluctant to invest in stocks? Do Brazilians mistrust financial markets? While modern commerce may be global and pay little attention to national borders, people can retain a kind of economic heritage based on culture that influences their views in provincial ways.

GuisoLuigi200704Can geography affect your bank account?

Luigi Guiso

Paola Sapienza

Luigi Zingales