I have been traveling recently, and had a very long layover in Frankfurt, where i stumbled across a very interesting magazine called: ” Scientific american mind: behavior, brain science, insights”. there i found a lot of very interesting and educational articles that is written in a very understanding for nonscientific mind person 🙂
So here is one of the articles i decided to share today:
“Men and Women Gauge Risk Differently, whose strategy is better depends on what is at stake”
Small gains now or big rewards later? The conundrum plagues every decision we make, wether we are investing or dieting. Now researchers find that men and women use different strategies to make such choices.
Researchers use gambling to understand what we do when immediate rewards pitted against long term gains. Most of the games find no major differences in how men and women play. An experimental setup called the Iowa Gambling Task (IGT), however, finds consistent – and large – differences between the behavior of men and women: men are better at figuring out the strategy that reaps the bigger payoff.
Players are giving 4 decks of cards, and they choose one card at a time from any deck they want. Each card has a win or loss amount on it, and each deck has its own unique payout pattern. Two of the decks contain cards that dole out large or frequent rewards, but consistently choosing cards from these decks leads to loses in the long run. The other two decks provide a modest amount of cash per win but less loss over time, so they offer long term gains for both players who pick from them the most frequently. These patterns are carefully obscured so that the winning strategy is not obvious.
A review published in February in Behavioral Brain Research finds that men focus on the big picture, watching the their total earnings and quickly homing in on which of the decks will lead to gains the long run. Women focus on details such as the frequencies of wins, missing the overall impact each deck has on their total balance. Sensitive to losses, women tend to switch to different deck as soon as they are pinged with a setback, making it more difficult for them to identify the prize deck.
The strategies reflect underlying differences in activation in the orbitofrontal cortex, a region involved in decision making and the associated expectation of positive or negative consequences. During the task women have more activity in the medial part of this region, involved in regular patterns and immediate reward, whereas men preferentially engage the top, dorsal area, implicated in irregular patterns and long-term reward.
“When people think women make errors in these tasks, it’s more that they are gathering information”, says lead author Ruud van den Bos, a neurologist at Utrecht University in Netherlands. Women’s detailed exploration makes them more attuned to changes. If, for example, the rules of wins and losses for the decks were switched midtask, women would clue in to the new patterns more quickly than men. Van den Bos says the IGT happens to be designed so that long term strategy is best, but in decisions where knowing the details counts, women may have advantage.
Because real decisions are more complex than lab games, van den Bos emphasizes that neither strategy is inherently better; both are necessary and useful in daily life. He also points out that the IGT some women perform like men, and visa versa. The dividing line is often blurry when it comes to female- and male-typical behaviors. ” By disentangling the biological from the societal, we can understand how differences can be turned into advantages,” van den Bos says. (article by Luciana Gravotta)