Why women take fewer risk than men do. The mediating role of state anxiety

Gender studies have showed that women take fewer risks than men do. Previous research has also provided evidence for a link between negative affect (anxiety and depressive mood) and risk-taking. Little is known about the relationships among these factors. We examined the role of state anxiety in the relationship between gender and risk-taking. Fully 149 undergraduate students filled out the State-Trait Anxiety Inventory (STAI) and the Beck Depression Inventory-II (BDI) before playing the hot version of the Columbia Card Task (hot CCT), which is designed to measure emotionally based risk-taking behavior. Hierarchical regression analysis showed that gender and state anxiety were associated with risk-taking even when controlling for age, depressive mood, and trait anxiety. Moreover, results pointed out that gender is related to risk-taking through state anxiety. These results offer insights into gender research, as well as affective and decision science. Implications for future studies and applied interventions are discussed.