Gender Differences in Risk Aversion and Ambiguity Aversion
Bibliographic Data
| ID | 23328448 |
|---|---|
| Authors | Lex Borghans (0000-0003-3953-1370, Maastricht University), Bart H H Golsteyn, Bart Golsteyn (0000-0002-2357-5857, Maastricht University), James J Heckman (0000-0002-0399-662X, University of Chicago), Huub Meijers (0000-0002-2262-7336, Maastricht University) |
| Year | 2009 |
| Volume | 7 |
| Issue | 2-3 |
| Pages | 649-658 |
| Publication date | 2009-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of the European Economic Association (JOURNAL) |
| Journal identifiers | ISSN: 1542-4766 • E-ISSN: 1542-4774 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1162/jeea.2009.7.2-3.649 |
| OpenAlex | W2135915381 |
| Language | EN |
| Citations received | 93 |
| References cited | 8 |
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.
Ambiguity · Ambiguity aversion · Economics · Expected utility hypothesis · Financial economics · Linguistics · Loss aversion · Microeconomics · Risk aversion (psychology) · Sociology · Decision-Making and Behavioral Economics · Economic Policies and Impacts · Experimental Behavioral Economics Studies · Philosophy
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Grit
| Unique citing works | 93 |
|---|---|
| Citations per year | 6,2 |
| Citation span | 2011 - 2026 (16) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 87 |