Safe options and gender differences in risk attitudes

Paolo Crosetto and Antonio Filippin

Journal of Risk and Uncertainty, 2023, vol. 66, issue 1, No 2, 19-46

Abstract: Abstract Gender differences in risk attitudes have recently been shown to be context-dependent rather than ubiquitous. We manipulate three widely used risk elicitation tasks to test whether the presence of a safe option among the set of alternatives can explain the heterogeneity of the findings. We find that the availability of a safe option induces significant effects in two out of three tasks. Despite the well-known instability of elicited risk preferences, we show with a structural model that the effect on risk attitudes is rather stable across tasks, but not sufficiently strong to reach traditional significance levels.

Keywords: Gender differences; Risk attitudes; Experiment; Safe option; C81; C91; D81 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s11166-022-09400-0

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