Salience, risky choices and gender
Abstract
Risk theories typically assume individuals make risky choices using probability weights that differ from objective probabilities. Recent theories suggest that probability weights vary depending on which portion of a risky environment is made salient. Using experimental data we show that salience affects young men and women differently, even after controlling for cognitive and non-cognitive skills. Men are significantly more likely than women to switch from a certain to a risky choice once the upside of winning is made salient, even though the expected value of the choice remains the same.Download Info
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Bibliographic Info
Article provided by Elsevier in its journal Economics Letters.
Volume (Year): 117 (2012)
Issue (Month): 2 ()
Pages: 517-520
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
Related research
Keywords: Gender; Salience; Risk aversion; Probability weights; Cognitive ability;Other versions of this item:
- Booth, Alison L & Nolen, Patrick, 2012. "Salience, Risky Choices and Gender," CEPR Discussion Papers 8868, C.E.P.R. Discussion Papers.
- Booth, Alison L. & Nolen, Patrick J., 2012. "Salience, Risky Choices and Gender," IZA Discussion Papers 6400, Institute for the Study of Labor (IZA).
- Alison Booth & Patrick Nolen, 2012. "Salience, Risky Choices and Gender," CEPR Discussion Papers 659, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
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As found by EconAcademics.org, the blog aggregator for Economics research:- Salience, Risky Choices and Gender
by Nicholas Gruen in Club Troppo on 2012-03-23 02:47:49
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