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Gender differences in risk preferences and stereotypes: Experimental evidence from a matrilineal and a patrilineal society

Andreas Pondorfer, Toman Omar Mahmoud, Katrin Rehdanz and Ulrich Schmidt
Authors registered in the RePEc Author Service: Toman Barsbai

No 1957, Kiel Working Papers from Kiel Institute for the World Economy (IfW)

Abstract: We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences of men and women across two distinct island societies in the Pacific: the patrilineal Palawan in the Philippines and the matrilineal Teop in Papua New Guinea. We find no gender differences in actual risk preferences, but evidence for culture-specific stereotypes. Like men in Western societies, Palawan men overestimate women's actual risk aversion. By contrast, Teop men underestimate women's actual risk aversion. We argue that observed differences in stereotypes between the two societies are determined by the different social status of women.

Keywords: gender roles; culture; stereotype; experiment; risk aversion (search for similar items in EconPapers)
JEL-codes: C93 D81 J15 J16 (search for similar items in EconPapers)
Date: 2014
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