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

Alison Booth, Lina Marcela Cardona Sosa () and Patrick Nolen
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Lina Marcela Cardona Sosa: Central Bank of Colombia
Authors registered in the RePEc Author Service: Lina Cardona-Sosa

No 6133, IZA Discussion Papers from Institute of Labor Economics (IZA)

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 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 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 behaviour under uncertainty found in previous studies might partly reflect social learning rather than inherent gender traits.

Keywords: cognitive ability; single-sex groups; risk preferences; gender (search for similar items in EconPapers)
JEL-codes: C9 C91 C92 D01 D80 J16 J24 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2011-11
New Economics Papers: this item is included in nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Published - published in: Journal of Economic Behavior and Organization, 2014, 99, 126-154

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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? (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)
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