Yet Another Study Confirms Existence of Widespread Racial Prejudice

[Jarhyn]

Study uses fake financial firms, swaps headshots of black and white "managers," asks real asset managers to rate firm's performance. Results show that when performance was good, having black managers led to lower ratings than when the same performance was supposedly delivered by a white-led firm.

https://arstechnica.com/science/201...nd-how-to-rate-funds-managed-by-black-people/

Science has struggled to increase the diversity of the research community, trying to ensure that everyone has an equal opportunity to contribute to humanity's advances. But science's struggles are nothing compared to those of the financial industry, where only about 1% of fund managers are women or minorities. While there have been some efforts made to increase diversity, finance stubbornly remains the domain of white males, even though firms run by women and minorities have, on average, produced equivalent returns.

To find out why this disparity exists, a group of Stanford researchers collaborated with a diverse financial firm to perform a relatively simple experiment. They created fake financial firms, swapped in headshots of black and white "managers," and asked actual asset managers to rate the firm's performance. The results showed that when performance was good, having black managers led to lower ratings than when the same performance was supposedly delivered by a white-led firm. While there were some differences when performance wasn't as high, the likely reasons for those differences aren't reassuring.

And a link to the backing study: https://www.pnas.org/content/early/2019/08/06/1822052116

 

[ruby sparks]

I'm going to copy this into my 'unequal opportunity race' thread, because I want that to be a general repository of sorts, for myself to refer to if nothing else. Hope that's ok and does not prevent discussion here on that particular study.

On the face of it (and I admit I have only skimmed the study) I am not surprised at all. It seems to add to a general picture which makes the strong suggestion that anti-African American or anti-black racism is far from being a thing of the past in the USA and has just lessened somewhat and also become more covert.