This paper reports results from an economic experiment where respondents are asked to make choices between risky outcomes for themselves and others. In addition, we elicit information about the respondents’ perception of others risk preferences. We investigate whether subjects’ own risk preferences and gender stereotypes are reflected in the prediction they make for the risk preferences of others and the way this occurs. We find no significant difference in risk preferences between men and women in the experiment. However, both men and women perceive women to be more risk averse than men. When predicting other people’s risk preferences, the respondents tend to use a combination of their own risk preferences and stereotypes. Moreover, when making risky choices for others, the respondents generally use a combination of their own risk preferences and their average predicted risk preference of the targeted group.
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Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number
211.
Length: 25 pages Date of creation: 14 Aug 2006 Date of revision: Handle: RePEc:hhs:gunwpe:0211
Contact details of provider: Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden Phone: 031-773 10 00 Web page: http://www.handels.gu.se/econ/ More information through EDIRC
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Find related papers by JEL classification: A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior 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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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Fredrik Carlsson & Dinky Daruvala & Olof Johansson-Stenman, 2005.
"Are People Inequality-Averse, or Just Risk-Averse?,"
Economica,
London School of Economics and Political Science, vol. 72(3), pages 375-396, 08.
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