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Updated: May 5, 2026

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
Opposing Roles of Testosterone and Cortisol in Prosocial Risk-Taking
Shunhang Huang1, Di Zhang1, Jinying Zhuang1
1School of Psychology and Cognitive Science, East China Normal University, Shanghai 200241, China.
Testosterone levels correlate with prosocial risk-taking, but not in the way the dual-hormone hypothesis predicted. Instead, cortisol independently reduces altruistic risk-taking behaviors.
Area of Science:
- Neuroendocrinology
- Behavioral Economics
- Social Psychology
Background:
- Prosocial risk-taking involves altruistic acts with potential personal costs.
- Testosterone, a steroid hormone, is linked to status-seeking behaviors.
- The dual-hormone hypothesis suggests testosterone's effect on behavior is moderated by cortisol.
Purpose of the Study:
- To investigate the association between testosterone levels and prosocial risk-taking.
- To test the moderating role of cortisol on the testosterone-prosocial risk-taking relationship.
Main Methods:
- An adapted probabilistic gambling task was used, featuring a prosocial condition where benefits went to charity.
- Endogenous testosterone and cortisol levels were measured.
- Participants' risk-taking behavior for personal gain and for charitable causes was assessed.
Main Results:
- Endogenous testosterone levels positively correlated with risk-taking for personal gain, replicating prior research.
- A positive association was found between endogenous testosterone levels and prosocial risk-taking.
- Cortisol did not moderate the testosterone-prosocial risk-taking relationship; instead, elevated cortisol independently suppressed prosocial risk-taking.
Conclusions:
- Basal testosterone levels are positively associated with prosocial risk-taking.
- Cortisol plays an independent suppressive role in prosocial risk-taking.
- The dual-hormone hypothesis was not supported in this context of prosocial risk-taking.
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