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Gender bias in risk aversion: evidence from multiple choice exams

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  • Marín, Carmen
  • Rosa-García, Alfonso

Abstract

We provide evidence on a gender bias in risk aversion among students of economics in Spain. In a sample of 1947 multiple choice exams with penalization for errors, we find that women consistently answer less questions, while differences in marks are not significant. These empirical results are consistent with a recent theoretical prediction of the effect of risk aversion in test exams. This finding shows that women can suffer a disadvantage with this kind of exams widely used in education.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 39987.

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Date of creation: 23 Dec 2011
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Handle: RePEc:pra:mprapa:39987

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Keywords: gender differences; risk aversion; multiple choice;

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  1. Espinosa Alejos, María Paz & Gardeazabal, Javier, 2007. "Optimal Correction for Guessing in Multiple-Choice Tests," DFAEII Working Papers 2007-08, University of the Basque Country - Department of Foundations of Economic Analysis II.
  2. Charles Ballard & Marianne Johnson, 2005. "Gender, Expectations, And Grades In Introductory Microeconomics At A Us University," Feminist Economics, Taylor & Francis Journals, vol. 11(1), pages 95-122.
  3. Rachel Croson & Uri Gneezy, 2009. "Gender Differences in Preferences," Journal of Economic Literature, American Economic Association, vol. 47(2), pages 448-74, June.
  4. repec:ebl:ecbull:v:4:y:2004:i:4:p:1-10 is not listed on IDEAS
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