It says both. Also doesn't sufficiently consider non-biological reasons why women might be less inclined. I think we've been back-and-forth on this a few times.
Why would a smaller number of women put up with a high stress environment?
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Who cares?
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Damore's memo offers an answer to my question. Deliberately ignoring that answer is why you're mischaracterizing his argument.
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He notes that women are more inclined to neuroticism, and therefore more women than men might be put off by high stress. But for any individual applicant, who cares?
End of conversation
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