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Gender Differences in Risk Behaviour: Does Nurture Matter?

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  • Booth, Alison L.
  • Nolen, Patrick

Abstract

Women and men may differ in their propensity to choose a risky outcome because of innate preferences or because pressure to conform to gender-stereotypes encourages girls and boys to modify their innate preferences. Single-sex environments are likely to modify students' risk-taking preferences in economically important ways. To test this, we designed a controlled experiment in which subjects were given an opportunity to choose a risky outcome - a real-stakes gamble with a higher expected monetary value than the alternative outcome with a certain payoff - and in which the sensitivity of observed risk choices to environmental factors could be explored. The results of our real-stakes gamble show that gender differences in preferences for risk-taking are indeed sensitive to whether the girl attends a single-sex or coed school. Girls from single-sex schools are as likely to choose the real-stakes gamble as much as boys from either coed or single sex schools, and more likely than coed girls. Moreover, gender differences in preferences for risk-taking are sensitive to the gender mix of the experimental group, with girls being more likely to choose risky outcomes when assigned to all-girl groups. This suggests that observed gender differences in behaviour under uncertainty found in previous studies might reflect social learning rather than inherent gender traits.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 7198.

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Date of creation: Mar 2009
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Handle: RePEc:cpr:ceprdp:7198

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Keywords: coeducation; controlled experiment; gender; identity; risk attitudes; risk aversion; single-sex schooling;

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References

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As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Gender & decision-making
    by chris dillow in Stumbling and Mumbling on 2009-08-03 13:53:53
  2. Gender Differences in Risk Behaviour: Does Nurture Matter?
    by Kevin Denny in Geary Behaviour Centre on 2009-07-29 15:00:00
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