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Will Women Be Women? Analyzing the Gender Difference among Financial Experts

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Author Info
Beckmann, Daniela
Menkhoff, Lukas

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Abstract

There are robust gender differences in the domains of risk taking, overconfidence and competition behavior. However, as expertise tends to level these differences, we ask whether financial experts still show gender dissimilarities in their domains of decision making? We analyze survey responses of 649 fund managers in the U.S., Germany, Italy and Thailand, and find that female fund managers tend to behave as expected from gender studies: they are more risk averse and shy away from competition in the tournament scenario. The expected lower degree of overconfidence by women is yet so small that it becomes insignificant in fund management.

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Publisher Info
Paper provided by Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover with number dp-391.

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Length: 24 pages
Date of creation: Feb 2008
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Handle: RePEc:han:dpaper:dp-391

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Related research
Keywords: fund managers gender differences risk overconfidence tournament behavior

Find related papers by JEL classification:
J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
G23 - Financial Economics - - Financial Institutions and Services - - - Pension Funds; Other Private Financial Institutions
D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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