Notes
The mood in the US is captured by the following email to AIG: “All the executives and their families should be executed with piano wire—my greatest hope.” Reported in Nocera, Joe, “The Problem With Flogging A.I.G.” New York Times 23 Mar 2009.
See Sullivan and Jordan (2009).
See Lewis, Michael, “Wall Street on Tundra,” Vanity Fair, Apr. 2009.
Fraser and Blears are quoted in Sullivan and Jordan (2009).
Social psychologists appear to be less interested in the topic.
See Buchanan and Huczynski (1997) for a discussion of this.
There exists a literature examining the effect of gender on group performance, but it does not consider tasks involving risk. Some authors find that diversity increases conflict, but recent papers by Fenwick and Neal (2001); Hansen et al. (2006) and Orlitzky and Benjamin (2003) find that mixed-gender groups outperform single-gender groups.
UK Equality and Human Rights Commission.
References
Barber BM, Odean T (2001) Boys will be boys: gender, overconfidence and common stock investment. Q J Econ 66:261–292
Bernasek A, Shwiff S (2001) Gender, risk and retirement. J Econ Issues 35:345–356
Beyer S (1990) Gender differences in the accuracy of self-evaluations of performance. J Pers Soc Psychol 59:960–970
Booth AL, Nolan P (2009) Gender differences in risk behaviour: does nurture matter. CEPR Discussion Paper 7198, March 2009
Buchanan D, Huczynski A (1997) Organizational behaviour. Prentice-Hall, London
Campbell WK, Sedikides C (1999) Self-threat magnifies the self-serving bias: a meta-analytic integration. Review of General Psychology 3:23–43
Coates JM, Herbert J (2008) Endogenous steroids and financial risk taking on a London trading floor. Proc Natl Acad Sci 105:6167–6172
Eckel CC, Grossman PJ (2002) Sex differences and statistical stereotyping in attitudes toward financial risk. Evol Hum Behav 23:281–295
Fenwick GD, Neal DJ (2001) Effect of gender composition on group performance. Gend Work Organ 8:205–225
Hansen Z, Owan H, Pan J (2006) The impact of group diversity and team governance structure on performance—evidence from college classroom. NBER Working Paper 12251, 2006
Hersch J (1996) Smoking, seat belts and other risky consumer decisions: differences by gender and race. Managerial Decis Econ 5:471–481
Holt CA, Laury SK (2002) Risk aversion and incentive effects. Am Econ Rev 92:1644–1655
Jianakoplas NA, Bernasek A (1998) Are women more risk averse? Econ Inq 36:620–630
Lundeberg MA, Fox PW, Punccohar J (1994) Highly confident but wrong: gender differences and similarities in confidence judgements. J Educ Psychol 86:114–121
Orlitzky M, Benjamin JD (2003) The effects of sex composition on small-group performance in a business school case composition. Academy of Management Learning and Education 2:128–138
Sabourian H, Sibert A (2008) Banker compensation and confirmation bias. CEPR Working Paper no. 7263, Apr. 2008
Schubert R, Brown M, Gyster M, Brachinger HW (1999) Financial decision making: are women really more risk averse? Am Econ Rev 89:381–385
Sullivan K, Jordan M (2009) In banking crisis, buys get the blame: more women needed in top jobs, critics say. Washington Post Foreign Service, 11 Feb. 2009
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Sibert, A. Sexism and the City: Irrational Behaviour, Cognitive Errors and Gender in the Financial Crisis. Open Econ Rev 21, 163–166 (2010). https://doi.org/10.1007/s11079-009-9149-1
Published:
Issue Date:
DOI: https://doi.org/10.1007/s11079-009-9149-1