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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.

Suggested Citation

  • Marín, Carmen & Rosa-García, Alfonso, 2011. "Gender bias in risk aversion: evidence from multiple choice exams," MPRA Paper 39987, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:39987
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    References listed on IDEAS

    as
    1. repec:ebl:ecbull:v:4:y:2004:i:4:p:1-10 is not listed on IDEAS
    2. Rachel Croson & Uri Gneezy, 2009. "Gender Differences in Preferences," Journal of Economic Literature, American Economic Association, vol. 47(2), pages 448-474, June.
    3. Albert Burgos, 2004. "Guessing and gambling," Economics Bulletin, AccessEcon, vol. 4(4), pages 1-10.
    4. 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.
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    More about this item

    Keywords

    gender differences; risk aversion; multiple choice;
    All these keywords.

    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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