Digit ratios (2D:4D) as predictors of risky decision making for both sexes

Many important decisions involve financial risk, and substantial evidence suggests that women tend to be more risk averse than men. We explore a potential biological basis of risk-taking variation within and between the sexes by studying how the ratio between the length of the second and fourth fingers (2D:4D) predicts risk-taking. A smaller 2D:4D ratio has been linked to higher exposure to prenatal testosterone relative to estradiol, with men having lower ratios than women. In financially motivated decision-making tasks, we find that men and women with smaller 2D:4D ratios chose significantly riskier options. We further find that the ratio partially explains the variation in risk-taking between the sexes. Moreover, for men and women at the extremes of the digit-ratio distribution the difference in risk-taking disappears. Thus, the 2D:4D ratio partially explains variation in financial risk-taking behavior within and between sexes and offers evidence of a biological basis for risk-taking behavior.     

Replica localization in East Asia: the case of the Asian hedge fund industry

Hedge funds exemplify complex finance in the global economy and are appearing in diverse national settings. One question that follows is whether hedge funds in the Asian region have been localized and exhibit significant differences to their US/UK counterparts or whether there is predominantly one global model. The analysis here point to the importance of what is called replica localization, wherein local control has entailed little deviation from the practices of Anglo-American hedge funds. Evidence generated from databases and interviews confirms the largely equivalent structures and strategies found in the new Asian hedge fund sector. The significance is that a small but growing Asian financial space has been carved out that is funded by Asian capital and managed by Asian elites but matches external models. To further delineate globalized finance, comparative research is needed to determine when and why complex finance is either present or absent outside of Anglo-American economies.     

Attachment Change in the Beginning Stages of Therapy: Examining Change Trajectories for Avoidance and Anxiety

The purpose of this study was to investigate the nature of self‐reported attachment change (avoidance and anxiety) in the context of six sessions of couple therapy designed to emphasize both therapist‐centered and couple‐centered (i.e., enactment‐based) clinical process during the beginning stages of therapy. A total of 48 couples with at least one partner who reported clinically significant relationship dissatisfaction participated in this study. Findings confirmed that some couples experience positive attachment‐related change (anxiety or avoidance), while also identifying a subset of individuals who may not experience optimal levels of attachment‐related change. In addition, findings point toward both differences and similarities between change trajectories for avoidance and anxiety. Finally, there was evidence that socio‐demographic factors may be associated with attachment change.     

Why Do Immigrants and Refugees Give Back to Their Communities and What can We Learn from Their Civic Engagement?

Each year thousands of immigrants and refugees begin their lives in new places, speaking new languages, and facing new challenges. Challenges include access to health/mental care, education, transportation, and employment. Researchers and practitioners frequently focus on challenges of newcomers and their deficits in meeting needs for self-sufficiency. This study explores newcomers’ giving back and emphasizes an untapped reservoir of strength and capacity. Based on qualitative semi-structured interviews with 54 immigrants and refugees, themes identified include (1) a desire to maintain ethnic identity and connection; (2) ethnic community as an extension of family; (3) a sense of duty and obligation; and (4) measure of achieved success. Researchers and practitioners should shift their view to recognize the strengths and capacities of newcomers who give back to their communities.     

Whites’ Attitudes toward Immigrants and Immigration Policy: Are Multiracial Individuals a Source of Group Threat or Intergroup Contact?

This study uses multilevel modeling with data from the 2010 U.S. Census and the Pew Research Center’s 2006 and 2011 surveys to examine the relationship between the relative size of the multiracial population, specifically mixed-race whites, in metropolitan areas and the immigration attitudes of native-born non-Hispanic whites. The results indicate that whites who live in metropolitan areas with higher percentages of mixed-race whites are more likely to hold comparatively immigrant-friendly attitudes in general and specifically toward immigration levels, taxes, and employment, supporting contact theory. With increases in the multiracial population, whites are likely to adopt a more complex conception of race over time, leading to context-specific and topic-centered attitudes toward immigrants and immigration policy.