[Excerpt from the paper by Anna Dreber, Christer Gerdes and Patrik Gransmark, Stockholm School of Economics and Stockholm University (published in Journal of Economic Behavior and Organization, 2013)]
We explore the relationship between attractiveness and risk taking in chess. We use a large international panel dataset on high-level chess competitions which includes a control for the players’ skill in chess. This data is combined with results from a survey on an online labor market where participants were asked to rate the photos of 626 expert chess players according to attractiveness. Our results suggest that male chess players choose significantly riskier strategies when playing against an attractive female opponent, even though this does not improve their performance. Women’s strategies are not affected by the attractiveness of the opponent. — Mark Abrahams, in his book This Is Improbable Too: Synchronized Cows, Speedy Brain Extractors, and More WTF Research (read for free)