Gender Differences in Risk Aversion and Ambiguity Aversion
19 Pages Posted: 2 Mar 2009
There are 2 versions of this paper
Gender Differences in Risk Aversion and Ambiguity Aversion
Gender Differences in Risk Aversion and Ambiguity Aversion
Abstract
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.
Keywords: gender, risk aversion, ambiguity aversion
JEL Classification: J24, D03, D80
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
By Thomas J. Dohmen, Armin Falk, ...
-
By Thomas J. Dohmen, Armin Falk, ...
-
Eliciting Risk and Time Preferences
By Steffen Andersen, Glenn W. Harrison, ...
-
Risk Aversion, Wealth and Background Risk
By Luigi Guiso and Monica Paiella
-
Risk Aversion, Wealth and Background Risk
By Luigi Guiso and Monica Paiella
-
Are Risk Aversion and Impatience Related to Cognitive Ability?
By Thomas J. Dohmen, Armin Falk, ...
-
Are Risk Aversion and Impatience Related to Cognitive Ability?
By Thomas J. Dohmen, Armin Falk, ...
-
Are Risk Aversion and Impatience Related to Cognitive Ability?
By Thomas J. Dohmen, Armin Falk, ...