Economics at your fingertips  

Gender differences in the endowment effect: Women pay less, but won't accept less

Alice Wieland, James Sundali, Markus Kemmelmeier and Rakesh Sarin

Judgment and Decision Making, 2014, vol. 9, issue 6, 558-571

Abstract: We explore different contexts and mechanisms that might promote or alleviate the gender effect in risk aversion. Our main result is that we do not find gender differences in risk aversion when the choice is framed as a willingness-to-accept (WTA) task. When the choice is framed as a willingness-to-pay (WTP) task, men are willing to pay more and thus exhibit lower risk aversion. However, when the choice is framed as a willingness to accept task, women will not accept less than men. These findings imply gender differences in the endowment effect. We also find that the effect size of the gender difference in risk aversion is reduced or eliminated as the context changes from tasks framed as gambles to other domains; and that attitudes toward gambling mediate the gender effect in gambling framed tasks.

Keywords: gender; sex differences; risk aversion; endowment effect; risk attitudes; gambling attitudes (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
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:

Access Statistics for this article

Judgment and Decision Making is currently edited by Jonathan Baron, Mandeep Dhami, Andreas Glöckner

More articles in Judgment and Decision Making from Society for Judgment and Decision Making
Bibliographic data for series maintained by Jonathan Baron ().

Page updated 2021-09-07
Handle: RePEc:jdm:journl:v:9:y:2014:i:6:p:558-571