Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development?

Alison Booth, Lina Cardona-Sosa and Patrick Nolen

Borradores de Economia from Banco de la Republica de Colombia

Abstract: Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in economically important ways. To test this, we designed a controlled experiment using first year college students who made choices over real-stakes lotteries at two distinct dates. Students were randomly assigned to weekly classes of three types: all female, all male, and coeducational. They were not allowed to change group subsequently. We found that women are less likely to make risky choices than men at both dates. However, after eight weeks in a single-sex class environment, women were significantly more likely to choose the lottery than their counterparts in coeducational groups. These results are robust to the inclusion of controls for IQ and for personality type, as well as to a number of sensitivity tests. Our findings suggest that observed gender differences in behavior under uncertainty found in previous studies might partly reflect social learning rather than inherent gender traits.

Keywords: Gender; risk preferences; single-sex groups; cognitive ability. (search for similar items in EconPapers)
JEL-codes: C9 C91 C92 D01 D80 J16 J24 (search for similar items in EconPapers)
Pages: 83
Date: 2013-10
New Economics Papers: this item is included in nep-cbe, nep-ent, nep-evo, nep-exp, nep-neu and nep-upt
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https://doi.org/10.32468/be.786 (application/pdf)

Related works:
Journal Article: Gender differences in risk aversion: Do single-sex environments affect their development? (2014)
Working Paper: Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development? (2013)
Working Paper: Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development? (2011)
Working Paper: Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development? (2011)
Working Paper: Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:786

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