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Gender differences in risk aversion and patience: evidence from a representative survey

Daniel Horn () and Hubert Janos Kiss

No 1901, CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies

Abstract: We measure risk aversion and patience in a non-incentivized way using a representative sample of the Hungarian adult population. We elicit risk aversion with a task similar to Gneezy and Potters (1997)'s investment game and find that females risk about 8.5 % less than males when we do not consider any additional controls. However, even when we add extensive controls (related to demography, region, family, education, employment, income and wealth) the difference decreases only slightly and remains significant at conventional levels. We carry out the same exercise for patience and document no significant gender differences in any specification.

Keywords: gender differences; patience; representative survey; risk attitude (search for similar items in EconPapers)
JEL-codes: D8 J16 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2019-01
New Economics Papers: this item is included in nep-gen and nep-upt
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