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Sexism and the City: Irrational Behaviour, Cognitive Errors and Gender in the Financial Crisis

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Notes

  1. 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.

  2. See Sullivan and Jordan (2009).

  3. See Lewis, Michael, “Wall Street on Tundra,” Vanity Fair, Apr. 2009.

  4. Fraser and Blears are quoted in Sullivan and Jordan (2009).

  5. Social psychologists appear to be less interested in the topic.

  6. Not all studies find gender differences. Schubert et al. (1999) found no evidence of a gender effect in experiments using Swiss undergraduates. Booth and Nolan (2009) use experimental evidence to argue that gender differences in behaviour under uncertainty might reflect differences in nurturing.

  7. See Buchanan and Huczynski (1997) for a discussion of this.

  8. 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.

  9. UK Equality and Human Rights Commission.

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Correspondence to Anne Sibert.

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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

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