# The role of ovarian hormones in risk aversion in female rats

**Authors:** Leah M. Truckenbrod, Nadia Carlos, Megan Kelly, Merrick Garner, Madeline Streifer, Andrea C. Gore, Caitlin A. Orsini

PMC · DOI: 10.1038/s41386-026-02347-9 · 2026-01-26

## TL;DR

The study shows that estradiol, a female hormone, promotes risk aversion in female rats, mainly through a specific receptor.

## Contribution

The study identifies estradiol's receptor mechanism in promoting female risk aversion and clarifies progesterone's lack of effect.

## Key findings

- Estradiol promotes risk aversion in female rats through activation of the ERα receptor.
- Progesterone does not influence risk aversion in ovariectomized female rats.
- ERβ agonists alone do not restore risk aversion in ovariectomized females.

## Abstract

Decision making involving risk of punishment is a cognitive process characterized by sex-specific phenotypes, with females exhibiting greater risk aversion than males. Although prior research has demonstrated that ovarian hormones, and estradiol (E2) in particular, contribute to increased risk aversion in females, the receptor mechanisms underlying these effects remain unknown. Further, it is unclear what role the other key ovarian hormone progesterone (P4) plays in female risk aversion. Accordingly, the current set of experiments were designed to address these gaps in knowledge of the hormonal basis of female risk-taking behavior. Female rats were trained in a punishment-based risky decision-making task, ovariectomized, and then retested in the decision-making task. Rats were then treated with estradiol benzoate (Experiment 1; EB), estrogen receptor (ER) agonists (Experiment 2) or progesterone (Experiment 3; P4) after daily test sessions for 7 days. Consistent with prior work, OVX increased risk taking, and EB administration attenuated this effect. Administration of an ERα agonist, either alone or with an ERβ agonist, similarly mitigated the effects of OVX on risk taking. In contrast, the ERβ agonist alone was ineffective in restoring risk aversion in OVX females. Control tests confirmed that the effects of the ERα agonist on risk taking were not due to altered food motivation or footshock sensitivity. Finally, P4 administration did not alter risk taking in OVX females and did not inhibit EB’s behavioral effects. Collectively, these data reveal that E2 is the critical ovarian hormone that promotes female risk aversion; further, they suggest that the likely mechanism by which E2 influences risk aversion in females is through activation of ERα.

## Linked entities

- **Chemicals:** estradiol (PubChem CID 450), progesterone (PubChem CID 5994), estradiol benzoate (PubChem CID 222757)
- **Species:** Rattus norvegicus (taxon 10116)

## Full-text entities

- **Genes:** Esr2 (estrogen receptor 2) [NCBI Gene 25149] {aka ER-beta, ERbeta, Erb2}, Esr1 (estrogen receptor 1) [NCBI Gene 24890] {aka ER-alpha, Esr, RNESTROR}
- **Chemicals:** E2 (MESH:D004958), P4 (MESH:C015586), EB (MESH:C478160), progesterone (MESH:D011374), estradiol benzoate (MESH:C074283)
- **Species:** Rattus norvegicus (brown rat, species) [taxon 10116]

## Figures

5 figures with captions in the complete paper: https://tomesphere.com/paper/PMC13013617/full.md

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Source: https://tomesphere.com/paper/PMC13013617