Why does it seem that mostly men bet big on crypto , chase meme stocks and gamble on sports? Because that’s the truth.

In a 2024 poll, 61 per cent of global crypto users were men. Men endorsed trading high-risk stocks at a ratio of more than two to one versus women and, in another study, more than three to one for sports betting.

Riskier behaviour by males is well studied − and well observed − and there are strong links to suggest this is partly due to overconfidence. But a new study published earlier this year in the Judgment and Decision Making journal may help us understand a bit more about where some overconfidence comes from.

It turns out confidence can be manufactured through how we process decisions step by step, rather than from genuinely learning more. This has implicatio

See Full Page