Gender Differences in Risk Aversion and Ambiguity Aversion
نویسندگان
چکیده
Gender Differences in Risk Aversion and Ambiguity Aversion This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders, can be accounted for by differences in personality traits and traits of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the introduction of ambiguity but men do. At greater levels of ambiguity, women have the same marginal distaste for increased ambiguity as men. Psychological variables account for some of the interpersonal variation in risk aversion. They explain none of the differences in ambiguity. JEL Classification: J24, D03, D80
منابع مشابه
1 Gender , Personality Traits and the
This paper analyzes gender differences in ambiguity and whether they can be explained by differences in personality traits. In an experiment with 347 high school students, we investigate choices under ambiguity and link ambiguity to cognitive and personality traits. Participants value ambiguity less than risk. Women are more risk averse, while men are more ambiguity averse than women. Condition...
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