Oh, and just because I feel like showing off, there's a few major classes of anti-androgens. That's the "family" name for any chemical or combination of chemicals responsible for a diminishing effect on the masculinization of a given entity.
The one we have discussed primarily here is known as a 5-ARI, or 5-alpha-reductase inhibitor. It does just as Annabel stated it does. And that's all it does.
Something interesting which Annabel accidentally lumped together with a 5-ARI assuming that since this chemical is present in saw palmetto, aka SP, which is a known 5-ARI, this chemical MUST therefore be the 5-ARI in SP... But in truth, beta-sitosterol is NOT a 5-ARI. PM, aka pueraria mirifica contains no known 5-ARI. What it does contain is beta-sitosterol among others, all belonging to another class of anti-androgen: receptor antagonists, or blockers. These are chemicals that bind to the receptor sites for androgens, of which testosterone and dihydrotestosterone are the most potent, but instead of being potent, they are extremely weak. They may bind more strongly or weakly than the bodies natural hormones, but they still bind at least some of the time. The more strongly they bind while producing the least masculinizing effect, the better suggested their use as an anti-androgen.
Both 5-ARI's and receptor antagonists can be further subclassed, but I won't go into that for simplicities sake. Let's just say there's actually two different forms of 5-AR and many different classes of androgen receptor, the latter of which leads to a HUGE selection of things classed as a receptor antagonist that really aren't all that useful in practical application.
Then there's yet another umbrella which Annabel very lightly touched upon, and that's of something that actually blocks the production of androgens to begin with. Again, there are different classes of these, and they are more rightly referred to in the same manner as 5-ARI's... They act as inhibitors of the various reduction pathways that our steroidal hormones follow to reach the end goals of, again, for simplicity, either DHT or E3.
The one that Annabel mentioned is actually one of the more dangerous ones. Just like licorice it has unintended consequences upon other hormonal paths that we really aren't wanting to mess with at all.
There's others which block production closer and closer to our real target, Testosterone.
The problem is, even the absolutely most well targeted of these STILL has unintended consequences: As well as blocking T, it blocks E1 from becoming E2.
Finally, there's one last "anti-androgen" that is only very loosely able to be termed such, because it's in fact, a PRO-aromatase. These are chemicals or combinations of chemicals which either act as a replacement for aromatase, or which promotes the activity of the body's own already existing aromatase, or which promotes the production of more of the body's own aromatase. The best known pro-aromatase's are white peony and hops, though not a whole lot of research has been done on exactly HOW they promote aromatase, though it is assumed that they are not identical.
*EDIT*
Note: I have at times been accused of being more "scientific" among the male members of the board... I suppose this is probably true, but that's more because the science I know best is all the various ways in which one can go about the war with androgens.
I do my share of the research on the other aspects, but I am quite a bit more versed on fighting the androgens, largely because that's the one fight that I'm having the most difficulty winning. I was born with a tendency towards quite a LOT of androgen production.