The impact of gender on individual decisions: Evidence from the "Millionaire Show"
AbstractIn order to analyse whether women and men differ in their decision making under risk and uncertainty, we use data from the game show 'Who Wants to be a Millionaire?'. It turns out that i) there are gender differences in choosing a lottery or a certain value only for 'largestakes' lotteries, ii) the decision making process differs significantly between 'small' and 'large' stake lotteries for both women and men, and iii) people with lower income tend to react more reluctant to choose a kind of certain value in order of a lottery. The results hold even after controlling for socio-economic variables. --
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Bibliographic InfoPaper provided by University of Konstanz, Department of Economics in its series Discussion Papers, Series 1 with number 325.
Date of creation: 2003
Date of revision:
Decision-making under uncertainty; Gender differences; gambling;
Find related papers by JEL classification:
- 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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