The role of testosterone and estrogen in consumer behavior and social & economic decision making: A review

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A contribution to a special issue on Hormones and Human Competition.This manuscript reviews the current literature on the actions of the steroid hormones testosterone and estradiol in shaping humans’ behavior within two applied contexts, specifically consumer behavior and decision making (both social and economic). The theoretical argument put forth is that steroids shape these everyday behaviors and choices in service to being more competitive in achieving long-term goals related to resource acquisition, mating success, and social dominance. In addition, a discussion of the increased research focus on the role of steroids in other applied business domains will highlight the relevant applications of basic science discoveries in behavioral endocrinology.HighlightsTestosterone and estradiol are linked with consumer behavior.Testosterone and estradiol are linked with economic decision making.Marketing, management, finance, etc., are showing interest in hormone research.

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