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A Reconsideration of Gender Differences in Risk Attitudes

Antonio Filippin and Paolo Crosetto

No 8184, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its understanding. Thoroughly surveying the experimental literature we first find that gender differences are less ubiquitous than usually depicted. Gathering the microdata of an even larger sample of Holt and Laury replications we boost the statistical power of the test and show that the magnitude of gender differences, although significant, is economically unimportant. We conclude that gender differences systematically correlate with the features of the elicitation method used and in particular the availability of a safe option and fixed probabilities.

Keywords: gender; risk; survey (search for similar items in EconPapers)
JEL-codes: C81 C91 D81 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2014-05
New Economics Papers: this item is included in nep-ent, nep-exp and nep-upt
References: Add references at CitEc
Citations: View citations in EconPapers (32)

Published - published in: Management Science, 2016, 62 (11), 3138 - 3160

Downloads: (external link)
https://docs.iza.org/dp8184.pdf (application/pdf)

Related works:
Working Paper: A Reconsideration of Gender Differences in Risk Attitudes (2016) Downloads
Working Paper: A reconsideration of gender differences in risk attitudes (2014) Downloads
Working Paper: A reconsideration of gender differences in risk attitudes (2014)
Working Paper: A Reconsideration of Gender Differences in Risk Attitudes (2014) Downloads
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