Economics at your fingertips  

Do women panic more than men? An experimental study of financial decisions

Hubert Janos Kiss, Ismael Rodriguez-Lara and Alfonso Rosa-García ()

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2014, vol. 52, issue C, 40-51

Abstract: We report experimental evidence on gender differences in financial decision-making that involves three depositors choosing whether to keep their money deposited or to withdraw it. We find that one's position in the line, the fact that one is being observed and observed decisions are key determinants in explaining the subjects’ behavior. Our main result is that men and women do not react differently to what is observed. However, there are gender differences regarding the effect of being observed: women value the fact of being observed more, while men value the number of subsequent depositors who observe them. Interestingly, risk aversion has no predictive power on depositors’ behavior.

Keywords: Bank run; Gender difference; Strategic uncertainty; Experimental evidence; Coordination (search for similar items in EconPapers)
JEL-codes: C91 D03 D8 G02 J16 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Do Women Panic More Than Men? An Experimental Study on Financial Decision (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.socec.2014.06.003

Access Statistics for this article

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Ofer Azar

More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2021-02-22
Handle: RePEc:eee:soceco:v:52:y:2014:i:c:p:40-51