2014
DOI: 10.2139/ssrn.2402139
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A Reconsideration of Gender Differences in Risk Attitudes

Abstract: This paper reconsiders the wide agreement that females are more risk averse than males. We survey the existing experimental literature, finding that significance and magnitude of gender differences are task-specific. We gather data from 54 Holt and Laury (2002) replications, involving more than 7000 subjects. Gender differences appear in less than 10% of the studies, and are significant but negligible in magnitude once all the data are pooled. We exclude that this result is driven by noisier HL data. Gender di… Show more

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Cited by 90 publications
(104 citation statements)
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“…She finds that some studies report higher average female risk taking and others where the gender difference lacks statistical significance. This is also the conclusion obtained by Filippin and Crosetto [16]. Charness and Gneezy [17] gather results from ten experiments similar to our baseline treatment (T1) and conclude that, on average, males tend to take higher risks than females.…”
Section: Resultssupporting
confidence: 86%
See 1 more Smart Citation
“…She finds that some studies report higher average female risk taking and others where the gender difference lacks statistical significance. This is also the conclusion obtained by Filippin and Crosetto [16]. Charness and Gneezy [17] gather results from ten experiments similar to our baseline treatment (T1) and conclude that, on average, males tend to take higher risks than females.…”
Section: Resultssupporting
confidence: 86%
“…By contrast, we do not find any significant gender difference in how individuals react to the introduction of ambiguity. In this respect, our results are much in line with those that find significant gender differences with respect to specific experimental conditions -take, for instance, the availability of a safe option, as in Filippin and Crosetto [16]- rather than a gender effect which is independent of environmental conditions.…”
Section: Discussionsupporting
confidence: 91%
“…Note that evidence on the difference between male and female risk taking in the laboratory is currently disputed (see, for instance, Filippin and Crosetto, ).…”
mentioning
confidence: 99%
“…This result is rather surprising given the gender literature in experimental contexts. First, gender differences in risk preferences are found in some risk elicitation tasks but not all, and not in the BRET, see Filippin and Crosetto (). Second, when differences emerge they have the opposite sign, because females take less risks than males, not more (Croson and Gneezy ; Charness and Gneezy ).…”
Section: Resultsmentioning
confidence: 99%
“… For instance, the fraction of risk averse subjects in the data set of Holt and Laury replications presented by Filippin and Crosetto () is above 70%.…”
mentioning
confidence: 91%