Gender bias in risk aversion: evidence from multiple choice exams
AbstractWe 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 InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 39987.
Date of creation: 23 Dec 2011
Date of revision:
gender differences; risk aversion; multiple choice;
Find related papers by JEL classification:
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
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- repec:ebl:ecbull:v:4:y:2004:i:4:p:1-10 is not listed on IDEAS
- Charles Ballard & Marianne Johnson, 2005. "Gender, Expectations, And Grades In Introductory Microeconomics At A Us University," Feminist Economics, Taylor and Francis Journals, vol. 11(1), pages 95-122.
- 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.
- Rachel Croson & Uri Gneezy, 2009. "Gender Differences in Preferences," Journal of Economic Literature, American Economic Association, vol. 47(2), pages 448-74, June.
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