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by 001sky
4548 days ago
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women are more risk averse I think this is misleading. Men and women face different risks, and heterodox strategies are not indicative of very much. First, you need to be careful how you infer "risk taking" from "not taking the same bets", because the actual riks taken is a portfolio riks calculation which is blind. Second, you don't have any data to infer anyrthing about the quality of the risk taking they are in fact taking; that is in terms of actual/realize and even provability weighted expected returns. To give one crass example, a women could take a strategy of legal ownership of "high risk realized assets" through marriage. This is a "high-risk strategy", but it is also empirically true that many rich men are married.[1] Of course, the odds of success in this strategy are also not evenly distributed amongst women as a group, either. Another person could look at that and say that marriage to a rich person is a "risk avoidance" strategy...and again, this may or may not be true. Because wealth and genetic fitness need not correlate, and so your frame of reference on the purpose of strategy quickly turns into quite a bit more complex calculation. [1] Marriage as a legal contract has a financial value; a derivative, with contingent claims on of the underlying (asset) value of couple's cumulative/aggregate incomes. |
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